J.C. Penny Store Closures: The Death of Retail?

Today, J.C. Penny announced they were closing 140 stores across the country. This means hundreds of people will be out of work. That may not sound like much, but when you add in the store closings by Macy’s, Sears, Bebe, Payless, The Limited and  non-mall stores like Sports Authority, Borders  and Circuit City, it’s a big deal.

These are all mall stores, and the closing of even a fraction of these stores can have a large impact on shopping malls across the country. mall

Online shopping is on the rise, and many people would rather shop from the comforts of their own home via their smartphone. According to reports, global retail sales amounted to 839.8 billion U.S. dollars in 2013 and projections show a growth of up to 1.5 trillion U.S. dollars by 2018.

The ability to shop online is a wonderful option, but it should also make you think:

As more people shop online, less people will be needed to work at shopping malls. I don’t think shopping malls will disappear entirely, but is it possible we may see fewer malls? I think so.

If that is the case, that will mean fewer job opportunities, and this could have a big impact on younger people who work in the malls at the stores, food courts, security and as custodians.

Where will these people work?

Some might say in the online arena, but will there be enough jobs to handle the influx of people who lose jobs from the malls? Time will tell, but one place that may NOT be hiring is UPS, as they have started test using DRONES to deliver packages (see the story HERE.)

The world is changing, whether we like it or not. As the country anxiously waits for jobs to come back from overseas, we are losing some in the meantime.

Nothing in life is guaranteed, and that includes landing that dream job. Instead of hoping we can keep our jobs, it might be time to start trying to create one doing something we enjoy.wp-1484715097552.jpg

Now is the time to work on creating a business for yourself. The combination of layoffs and automation in various industries will eliminate many jobs for the foreseeable future. Don’t wait until you find yourself out of work (and prospects) to determine how you will earn a living.

Today is the day to look into becoming your own boss! Pick up a copy of my book Readi – Set Go! A Successful Guide to Establishing a Successful Business today.

Pick up a copy HERE. Available on  Amazon in paperback and Kindle formats!

Running your own business isn’t easy, but its not impossible. By following the principles in my book (co-written with Jeff White) you can increase your odds of business success. Will all jobs be eliminated? Of course not. But we don’t want to find ourselves in positions we don’t want to be in either.

 

 

 

 

 

 

 

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