i was there in January when it snowed and i had a dentist appointment which didn't make it any better and i was walking through a dead city center. it was one of the most depressing experiences of my life

Sad. It feels like a town's vibrance is sucked out of it when the local businesses close. 

grayruby

I recently visited my home town in Germany 5 years ago and 16 of the 30 retailers in the pedestrian zone were closed

TomK

econ

Canada: Insolvency record since 2006

I know two of my former customers have filed for bankruptcy in the past couple years and I am shocked to see how many storefronts along the main street in our fairly affluent town have closed up just in the past few months. 

More to come I suspect. Between rates and input cost increases it is a nightmare scenario for any small to medium size biz that got a little to used to the low inflation, low rates regime. 