My Investing Muse

Daily Mail UK has reported the following in a recent 28 August 2023 news article : Growing numbers of Americans are being left without access to basic financial services as banks have axed more than 1,000 branches this year,  DailyMail.com  can reveal. Data from S&P Global Market Intelligence shows a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states - and firms are pulling out of some areas faster than others. Accelerating closures run a risk of communities becoming so-called 'banking deserts' - when they are without access to a bank or credit union within 10 miles - leaving residents increasingly vulnerable to falling prey to high-fee lending options such as payday loans.    The axings are not limited to small banks in rural communities - they are also happening to large legacy banks in highly populated areas.   And plenty more are planned. This month Wells Fargo filed with the Office of the Comptroll...

Business Insider has provided an  article  listing store closures by some of the leading retail players in the USA. Here is an extract from their news article dated 3rd May 2023: More than a dozen major retailers have said they will close US stores in 2023, a combined total of over 2,100 locations. Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores. Bed Bath & Beyond is planning to close 896 locations — the most of any retailer on the list. Some of the ones listed with store closures: Bed Bath & Beyond: 896 stores Foot Locker: 545 stores Tuesday Morning: 487 stores Bath & Body Works: 50 stores Gap and Banana Republic: 46 stores Walmart: 22 locations Party City: 31 stores Best Buy: 20 stores Amazon: at least 8 stores Big Lots: 7 stores The RealReal: 6 stores Macy's: 4 stores Target: 4 stores JCPenney: 2 stores While some are trying to pivot into e-commerce & with a lesser reliance on retail outlets, most have cited ...