Unbelievable Usa Stats On Records Bankruptcy / Unemployment Etc.,

Record Bankruptcy in USA

1– Victoria's Secret declared bankruptcy.

2– Zara closed 1,200 stores.

3– La Chapelle withdrew 4391 stores.

4– Chanel is discontinued.

5– Hermes is discontinued.

6– Patek Philippe discontinued production.

7– Rolex discontinued production.

8– The world's luxury industry has crumpled.

9– Nike has a total of $23 billion US dollars
preparing for the second stage of layoffs.

10– Gold's gym filed for bankruptcy.

11– The founder of AirBnb said that because
of pandemic, 12 years of efforts were destroyed
in 6 weeks.

12– Even Starbucks also announced
to permanently close their 400 stores.

13– WeWork isn't in a great spot either.

14– Nissan Motor Co. may close down in USA.

15– Biggest Car Rental company (Hertz) filed
for bankruptcy
- they also own Thrifty and Dollar.

16– Biggest Trucking company (Comcar)
filed for bankruptcy
- they have 4000 trucks.

17– Oldest retail company (JC Penny)
filed for bankruptcy
- to be acquired by Amazon for pennies.

18– Biggest investor in the world
(Warren Buffet)
lost $50B in the last 2 months.

19– Biggest investment company
in the world
(BlackRock) is signalling disaster
in the world economy
- they manage over $7 Trillion.

20– Biggest mall in America (Mall of America)
stopped paying mortgage payments.

21– Most reputable airline in the world (Emirates)
laying off 30% of its employees.

22– US Treasury printing trillions
to try to keep the economy on life support.

23– Estimated no. of retail stores closing in 2020
- 12,000 to 15,000.

24– The following are big retailers
that have announced closing:

● J. Crew

● Gap

● Victoria's Secret

● Bath & Body Works

● Forever 21

● Sears

● Walgreens

● GameStop

● Pier 1 Imports

● Nordstrom

● Papyrus

● Chico's

● Destination Maternity

● Modell's

● A.C. Moore

● Macy's

● Bose

● Art Van Furniture

● Olympia Sports

● K Mart

● Specialty Cafe & Bakery

and many many more

– Unemployment claims
reached an all-time high
of 38+ million

- unemployment is over 25%
(out of 160 million of work force,
close to 40 million are jobless).

With no income, consumer demand is
falling drastically and the economy
will go into a free fall.

This is just USA...

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