Retail Store Closing Apocalypse
What is happening to local economies? As mega-distribution centers appear everywhere, retail stores have a silent panic attack. Life as we know it is changing in ways that we do not yet understand. And, there are enormous consequences for a significant reorganization of our economy.
There are obvious clues to this revolution. More than 41,000 people have lost their jobs in the retail industry so far this year — a 92 percent spike in layoffs since the same time last year, and according to a new report.
On the retail front, Walmart is silently closing 11 of these stores in 2019. J C Pennys 18, Lifeway Christian 170, Target 15, Kohls 4, Macy's 8, and J Crew is 6 stores across the country. And, the list goes on as lesser-known independent store that are blighting neighborhoods across America.
Some of these casualties are tied to locational factors, but the trend is easily visible.
Now, take note of the numerous distribution centers in major areas and most local areas. What this says is that the Internet is overtaking local businesses, capturing sales, and reaching more people hat the local stores.
The Lextra system can and will reverse the trend for the retail store. The concept is to bring leading-edge technology to local businesses for a small monthly fee. Marketing technology is expensive and requires stellar business minds to produce something that outclasses and outperforms what big mega-business are missing.
How can you get the Lextra system in your community? We need a business leader ready to help develop 100 business in short order. We invite the inquiries of business and community leaders to explore the extreme opportunities of a Lextra hub in their community.