America’s biggest retailers are struggling, with Sears, Kmart, and Saks Global facing extinction or bankruptcy. Macy’s is closing more stores, including its historic Philadelphia location. Kohl’s is downsizing, with declining sales and multiple closures announced. This shift impacts consumers, as prices may rise and jobs are lost.

As big retailers falter, thousands of workers lose jobs, impacting surrounding businesses. Consumers may face higher prices due to lack of competition. To mitigate financial impact, focus on building income, cutting expenses, paying off debt, and meal planning. Take control of your finances amidst the changing retail landscape.

Retail giants like Sears and Kmart are disappearing, leaving only a handful of stores. This rapid change in the retail landscape means consumers must adapt by shopping smarter, boosting income, and paying off debt. Stay informed and proactive to protect your financial future during this transformation.

Read more at Yahoo Finance: These are the most endangered large retailers in America. What this means for local economies and your wallet