Due to many things retail stores all over America are closing. Mostly because our economy has been struggling and there for, so are businesses. Are government is doing all it can to help us through this, but despite their efforts we still have a major problem.
One example is my favorite childhood store Claire's. Claire's is closing 119 stores nationwide. They are mostly closing their locations in small towns because small town people are holding tight to their money these days and there is little traffic in malls these days (Albert Lea Tribune).
Another similar cases of closings is Linens N' Things. This is a store that sales linens and home furnishings. Since the real estate market have gone down, there is just not much need for home furnishings. Again, these same people are holding on to their money until they know it is safe to spend.