Apocalypse Now (Retail Store-style): 23 Big Retailers Closing Stores As Wage Growth Only Back To 2009 Levels

By Anthony B. Sanders

Apocalypse Now! was a 1979 Francis Ford Coppola film starring, among others, Northern Virginia resident Robert Duvall as Lieutenant Colonel Bill Kilgore. Little did Coppola know that his immortal film would foretell the retail store apocalypse of the 2010’s.

This year, in an effort to save their businesses, the following retailers will close hundreds of their stores, according to Fox Business.

Abercrombie & Fitch: 60 more stores are charted to close

Aerosoles: Only 4 of their 88 stores are definitely remaining open

American Apparel: They’ve filed for bankruptcy and all their stores have closed (or will soon)

BCBG: 118 stores have closed

Bebe: Bebe is history and all 168 stores have closed

Bon-Ton: They’ve filed for Chapter 11 and will be closing 48 stores.

The Children’s Place: They plan to close hundreds of stores by 2020 and are going digital.

CVS: They closed 70 stores but thousands still remain viable.

Foot Locker: They’re closing 110 underperforming stores shortly.

Guess: 60 stores will bite the dust this year.

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