3,500 + retail stores closed or closing

Normally I don't embed videos from You Tube channels like this, but this guy sums up what's happening in a few minutes.  There are now over 3,500 retail stores closed or closing in the U.S. soon.  When I started looking into this issue a month ago, the number was just over 3,000.  This is a big deal.  Is this the end pf the world that religious nut jobs have been predicting for the last 20 years or so?  No.  Is this the end of the world?  But it IS a real big deal.

MALLPOCALYPSE.  Malls across the U.S. have been dying a slow death for years.  The Oak Hollow Mall in Highpoint, North Carolina, about 15 miles from where I live, just closed down a month ago.  Walking through that mall a week before it closed is what got me looking into this issue.  No one has exact numbers, but generally speaking, 400 of the 1,200 enclosed malls in the U.S. have either closed, or are expected to close in the next few years.  And that's if we DON'T go into a recession.

What does this mean to you?  1) If you work in retail, look up your employer and see how they look long term.  It might be time for a career change.  Thousands are already losing their jobs.  Personally, I think we're teetering on the edge of a recession, and it could be a serious one.  Get your act together financially as best you can.  We still don't know what this massive amount of store closings will lead to.