payless-stores-closing-out-of-business

Total Number of Retail Store Closures 2016-2017


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List of 26 Retailers Going Out of Business Number of Stores Closing
Payless Shoes 1,000
Radio Shack 552
Rue21 400
The Limited 250
Family Christian 240
hhgregg 220
Bebe 180
Wet Seal 171
Crocs 160
GameStop 150
J.C.Penney 140
Chico 120
BCBG Max Azria 120
Kmart 108
American Apparel 110
Office Depot 100
hhgregg 88
Staples 70
CVS 70
Macy’s 68
Guess 60
Gander Mountain 60
Abercrombie & Fitch 60
American Eagle 50
Sears 42
Eastern Mountain 35
Total Number of Closed Locations 4,624
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It is being coined the "Amazon Effect", retail stores are closing their doors in massive numbers. If you've visited a mall lately you'll notice the foot traffic is sparse. Consumers are opting to shop online instead of make the drive to shopping centers like Kmart and J.C.Penney. This drop in shoppers has caused 4,624 retail brick-and-mortar locations to close their doors for good. An estimated 180,000 full-time and part-time company wide employees have been let go. While Amazon is hiring quickly, and now has over 341,000 employees, without retraining these jobless workers will have a hard time picking up these new tech jobs.
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Statistic Sources & References
Sources: Forbes, The Wall Street Journal, Statistic Brain Research Institute
Content Author: Statistic Brain

Date research was conducted: May 10, 2017

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Facebook Company Timeline


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2003
October 28th
Mark Zuckerberg releases Facemash, described as the Harvard version of Hot or Not. Zuckerberg gains a negative reputation around the Harvard campus.
2004
January 11th
Mark Zuckerberg registeres thefacebook.com domain name and begins coding the website.
2004
February 4th
Harvard students Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz and Chris Hughes found what was then called “Thefacebook”. It was the first student only social network platform. They form Thefacebook.com LLC, a partnership.
2004
June
Peter Theil, a venture capitalist, sees a bright future in Facebook and gives the company their first big investment of $500,000. Facebook moves its base of operations to Palo Alto, California
2004
August
Napster founder, Sean Parker, becomes the president of Facebook. He is also repsonsible for changing the name from “Thefacebook” to just “Facebook”
2004
September
Cameron and Tyler Winkelvoss, founders of ConnectU, file a lawsuit against Zuckerberg, claiming he stole the idea for Facebook from them.
2004
December
Facebook reaches 1,000,000 active users
2005
March
Facebook declines an offer from Viacom to buy the site for $75,000,000
2005
May
Accell Partners invests $13,000,000 into Facebook
2005
December
Facebook reaches 5,500,000 active users
2006
August
Facebook purchases the domain facebook.com for $200,000
2005
December
Facebook integrates the ability to upload photos and tag friends
2006
A leaked cashflow statement revels Facebook had a net gain of $5.66 million for the 2005 fiscal year.
2006
September
Facebook opens up registration from students only to anyone who is at least 13 years old and has a vallid email.
2006
September
Yahoo! is in discussions with Facebook to acquire it for $1,000,000,000
2006
December
Facebook reaches 12,000,000 active users
2007
October 24
Microsoft annouced it had purchased a 1.6% share of Facebook for $240,000,000. The purchase gives Facebook an implied value of $15,000,000,000
2007
December
Facebook reaches 50,000,000 active users
2008
March
Facebook hires Google’s Vice President of Global Online Sales, Sheryl Sandberg as their new COO.
2008
June
Facebook settles its lawsuit with ConnectU, which effectively had Facebook acquiring ConnectU for $20,000,000 in cash and $1,200,000 in shares.
2008
December
Facebook reaches 100,000,000 active users
2009
February 9th
Facebook integrates the like button
2009
September
Facebook claims it has turned cash flow positive for the first time.
2009
December
Facebook reaches 200,000,000 active users
2010
December
Facebook reaches 608,000,000 active users
2011
August 9th
Facebook Messanger is released on both Android and iOS.
2011
December
Facebook reaches 845,000,000 active users
2012
April
Facebook acquires Instagram for $1,000,000,000
2012
May
Facebook goes public. With an initial sahre price of $38 valuing the company at $104,000,000,000. This is the largest valuation to date for a newly listed public company.
2012
December
Facebook reaches 1,056,000,000 active users and an annual revenue of $5,090,000,000 for 2012
2013
November 13
Facebook makes on offer of $3,000,000,000 to acquire Snapchat but is turned down.
2013
December
Facebook reaches 1,228,000,000 active users and an annual revenue of $7,872,000,000 for 2013
2014
February 19th
Facebook acquires WhatsApp for $16,000,000,000
2014
December
Facebook reaches 1,393,000,000 active users and an annual revenue of $12,466,000,000 for 2014
2015
December
Facebook reaches 1,591,000,000 active users and an annual revenue of $17,928,000,000 for 2015
2016
August
Facebook stock reaches $125 per share
2016
August
Facebook reaches 1,721,000,000 active users
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Uncategorized Tags:
Statistic Sources & References
Source: Statistic Brain Research Institute (Online / Direct Response Mail)
Content Author: Statistic Brain

Date research was conducted: May 9, 2017

Uncategorized
Related Statistic Brain Research