Why All The Bankruptcies & Store & Restaurant Closures?....

[Ritabert]

5. A lot of stores have been going downhill for years

Private equity plays a part like Bed, Bath & Beyond, Joann Fabrics and Simplicity Patterns. Also a lot of these businesses are inventory heavy with high rent payments. As for restaurants Red Lobster was a victim of private equity which sold off the real estate and then charged ruinous rents. People are also cutting back on eating out. Too expensive for mediocre food. The Trump effect though is just getting started. I've seen it with lack of tourists this summer. People are too uncertain to waste money on vacation.