from a recently closed Macy’s in PDX

There was some said news for retail brick & mortar the past week.

“RadioShack suddenly closed more than 1,000 stores — and now only a handful remain.”

RadioShack suddenly closed over 1000 stores over the weekend.

In its heyday, RadioShack was the place to go for replacement batteries, television antennas, electronics parts, HAM radios and electronic toys.  But like many of its no longer relevant products, the chain looks to be near the end of its 96 year run.

“At its peak, RadioShack had more than 7,300 locations across the US and boasted that it had a store within 3 miles of 95% of American consumers.” -Business Insider

“Payless Shoe Source to close more than 800 stores in total”

When Payless originally filed for Chapter 11 in April, they announced plans to close about 5400 locations.  The list of planned shuttered stores has now been expanded to over 800.

Keen’s Uneek Sandals available from a vending machine outside of the PDX Corporate offices and their flagship Keen Garage.

“More than a third of all the J.C. Penney department stores in Oregon will be shuttered by this summer in a wave of closings expected to affect up to 140 stores nationwide.”  -The Oregonian 3/17/17.

And so it begins for the folks in The Dalles.

Serendipity brought me to the oldest bookstore in Oregon.  I had been on a trip to eastern Oregon and was traveling home along I-84 when I decided to stop in The Dalles to stretch my legs and to avoid hitting the Portland rush hour.

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While we may not be witnessing the death of retail, we are seeing some significant shifts.  Consider these facts recently reported by Hayley Peterson in her Business Insider article, “An American jobs threat worse than coal is coming to your hometown”

• According to government data, general-merchandise stores like Macy’s and Sears have bled about 89,000 jobs since October — more than the total number of people employed by the US coal industry, which Trump repeatedly pledged to revive both on the campaign trail and in office.
• Since 2001, department stores alone have lost half a million jobs. The coal industry, by comparison, has lost about 22,000 jobs in the same period.
• Retailers have announced more than 3200 store closures so far this year, and Credit Suisse analysts expect that number to grow to more than 8,600 before the end of the year. For comparison, 6,163 stores shut down in 2008 — the worst year for closures on record.
• Sears employees have also been stripped of their employee discount, which gave them 10% to 20% off products at Sears and Kmart. The company replaced the discount program this year with a system that awards 20% back in “points” that can be applied to future purchases. The points expire after 60 days.

Store closures, bankruptcy, contractions, lay-offs, reduced hours/benefits; these make you wonder about our industry.

I enjoy the message. Neon sign at Alder & Co. in Portland, an upscale boutique with products from around the world, including accessories, home goods & candles.