General Discussion

live love laugh

(16,480 posts) Mon May 11, 2026, 12:15 AM Monday

We are heading for a depression or recession. [View all]

Stores closing or announcing closing in 2026:

IKEA; Saks Off 5th; Neiman Marcus; Macy's (shutting 150 stores): Kroger (Food for Less); 711; Wendy's; Pizza Hut; Apple; Walgreens; CVS; Dollar Tree; Family Dollar; Dollar General; Big Lots; Best Buy; Bed Bath and Beyond; Party City; Footlocker/Kids Foot Locker; Champs Sports; The Gap; Banana Republic; Old Navy; JC Penney's; Nordstroms; Kohls; Burlington; Ross; TJ Maxx; Marshalls; HomeGoods; GameStop; Office Depot/ OfficeMax; Staples; Starbucks; Subway; TGI Friday; Red Lobster; Dennys; IHOP; Buffalo Wild Wings; Chilis; Applebees; Olive Garden; Stanley Black and Decker plant in Connecticut laying off 300 have all so far announced store closures for 2026.

This means thousands and thousands more people will be laid off while consumer spending has dropped for 14 straight months. Consumer spending drives 68% of the economy/GDP.

Please do the best that you can to get your finances in order. Do not spend money!

https://www.instagram.com/reel/DYIUb1YBMoK/?igsh=Z3d1NzlsamR0dWx6

28 replies

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Highlight:

We are heading for a depression or recession. [View all] live love laugh Monday OP

I wouldn't be surprised if it was a depression. The idiot is an absolute catastrophe. Dave Bowman Monday #1

We're definitely heading for Great Depression 2. Initech Monday #2

Wall Street is so over valued Johonny Monday #20

Of all the sci-fi movies out there, Elysium had the most realistic message of them all. Initech Monday #23

OK, assuming that SOMEONE is orchestrating this shitshow, WHY? usonian Monday #3

Why attribute to malice what you can attribute to incompetence? meadowlander Monday #17

A mixture? usonian Monday #18

It sounds like we should be saying the opposite DFW Monday #4

If thousands are unemployed how can they spend? live love laugh Monday #7

Did you miss the part where the poster said "if you can afford it?" NT Happy Hoosier Monday #13

Thank you DFW Monday #14

Yes I did. live love laugh Monday #15

Trump is trashing FEMA - how safe is the FDIC? n/t Blue Dotty Monday #5

Post removed Post removed Monday #6

I looked up a few of the stores listed. wnylib Monday #8

I got restructured out of a pretty good job dgauss Monday #26

I was pretty sure that as soon as he came into power and started with the tariffs BS that we would be headed for LymphocyteLover Monday #9

Retailers' Planned Closings Is An Indicator... ProfessorGAC Monday #10

Indeed TheProle Monday #19

And, Biden Was POTUS For 4 Of Those 5 Years ProfessorGAC Monday #21

Pretty sure that is misleading Renew Deal Monday #11

Consumer spending is the whole deal Johnny2X2X Monday #12

In 1930, they thought it was a recession. roamer65 Monday #16

I asked the same question yesterday on DU.... BigmanPigman Monday #22

Starbucks is restructuring, too GenThePerservering Monday #24

You're correct, although your evidence here is weak SamuelTheThird Monday #25

Great, I just bought a new house CanonRay Monday #27

I don't think so. Groundhawg Monday #28