J.C. Penney plans to close 27 stores this year, including 18 full-line department stores and nine home and furniture stores.

The store closures span at least 13 states, including California, Florida, Georgia, North Carolina, New Jersey, and New York, according to employees of the closing stores, local reports, and government filings.

JCPenney has notified local media outlets of several store closures but has declined to provide a comprehensive list of the impacted stores to Business Insider.

The company did not respond to requests for comment on this story.

We compiled a list of the stores that have been announced for closure so far. Most of these stores will close by July 5. We will update this list as more closures are revealed.

• Pines Mall, 2901 Pines Mall Dr., Pine Bluff, Arkansas
• NewPark Mall, 500 Newpark Mall, Newark, California
• Ponce De Leon Mall, 2121 US Hwy 1 S, St. Augustine, Florida
• Glynn Place Mall, One Mall Blvd., Brunswick, Georgia
• Lakeforest Mall, 701 Russell Ave., Gaithersburg, Maryland
• The Orchards Mall, 1800 Pipestone Rd, Benton Harbor, Michigan
• 1215 S. Main St., Sikeston, Missouri
• 3402 S. Glenstone Ave, Springfield, Missouri (home and furniture store)
• 6933 S. Lindbergh Blvd, St. Louis, Missouri (home and furniture store)
• Hamilton Mall, 4405 E Black Horse Pike, Mays Landing, New Jersey
• Smith Haven Plaza, 9 Smith Haven Mall, Lake Grove, New York
• Cary Towne Center, 1105 Walnut St., Cary, North Carolina (closing May 3)
• Riverbirch Center Mall, 1041 Spring Lane, Sanford, North Carolina
• Greenwood Mall, 320 Bypass 72 Northwest, Greenwood, South Carolina
• Midway Mall, 4500 Midway Mall, Elyria, Ohio
• Northgate Mall, 401 NE Northgate Way, Seattle, Washington

Just two months into 2019, many more retail stores have announced their closures amid a slowing in consumer spending. The retail apocalypse is worsening and there are some major stores on “deathwatch;” which would mean going out of business forever.

According to Money.com, in a single 24-hour period last week, Gap, J.C. Penney, and Victoria’s Secret announced they would be closing more than 300 stores combined. These announced store closures come soon after retail companies made the difficult decisions to shut down all Payless ShoeSource and Gymboree stores throughout the U.S., and in the middle of Sears’ dramatic struggle to survive. (Sears closed out 2018 by filing for bankruptcy and closing roughly 140 Sears and Kmart stores. The company owns both retailers).

Some of these companies are restructuring debt and refiguring their business models in order to fight to stay alive in today’s fast-moving ultra-competitive retail world. They must be able to stay competitive and every store must offer a compelling alternative to Amazon in order to win over shoppers. Other retailers have already lost the battle, are hosting liquidation sales right now, and will soon disappear entirely, like Toys “R” Us and Bon-Ton before them.

Sears is still alive and kicking, but barely.  There are only 425 Sears and Kmart stores remaining compared to 2000 just five years ago.  Remaining employees are skeptical about their future with the company and rightfully so. Victoria’s Secret, JC Penny, and Payless are all closing several stores. Gymboree, GAP, and Ann Taylor are also on “deathwatch.”

Ascena, the company that owns retailer brands like Ann Taylor, Loft, and Lane Bryant, has been on death watch for at least a year, reported Money.com. It is in the middle of the process that began back in 2017 to close about 250 stores. Ascena said it operated about 5,000 stores as of 2016, and it was down to 4,600 stores at the end of 2018. Ascena’s stock price has also taken a beating. It plummeted over this time period when stores were closing, dropping from over $10 per share in 2016 to around $2.25 in early 2019.

The retail apocalypse is happening right before our eyes, as brick and mortar stores are going away quickly.

Another economic red flag has appeared and its the closure of retail stores.  According to a new report detailing the precarious situation of the current economy, there is “no light at the end of the tunnel” as the closure of brick and mortar stores will continue.

Coresight Research released an outlook of 2019 store closures Wednesday, saying, there’s “no light at the end of the tunnel,” according to several reports, including one from Yahoo News.  According to the global market research firm’s report, a mere six weeks into 2019, United States retailers have announced 2,187 closings of physical stores.  That’s up 23 percent compared to last year. Those closings include 749 Gymboree stores, 251 Shopko store,  and 94 Charlotte Russe locations.

This may not seem like such a big deal especially if you don’t often shop, but it’s a red flag for the overall economy.  Either customers/consumers now have less money and aren’t willing to borrow (use credit cards) to spend at stores anymore, or they are already maxed out and cannot spend.  Another issue could be the overbearing regulations and burdensome theft (taxation) levied on business. It could be a combination of all of those as well, making the cost of keeping a brick and mortar store open no longer worth it.

But reports and the media blame the growth of online sales, rising interest rates, and declining sales.  Bankruptcies also are continuing at a rapid pace “with the number of filings in the first six weeks of 2019 already at one-third of last year’s total,” the report states. That means companies have taken on more debt than they can handle, and much like individuals, when that happens, it is likely the beginning of some very rough times ahead.  And debt is a major concern right now for most economists.  Consumer debt, student loan debt, auto debt, and the national debt has all reached historic records – and that isn’t a positive sign for the economy.

Payless ShoeSource is reported to be considering its second bankruptcy and if Charlotte Russe doesn’t find a buyer by February 17, the chain plans to completely liquidate, according to a court filing. “The continuation of a high level of retail bankruptcies, with the annualized number of filings year-to-date in 2019 already outpacing the number in 2018,” Coresight said in the new report.

The economy is very unstable right now, and all the signs of a coming recession on there.  Will it happen in 6 months? One year? Two years? No one knows exactly, but the everything bubble the global economy is experiencing now will at some point, deflate.