Toys R’ Us bankruptcy: Is this a retail apocalypse?
Toys R’ Us has filed for bankruptcy right before the holiday shopping season, becoming the latest brick-and-mortar retailer to fall victim to the growth of e-commerce and discount stores. More than 300 companies have filed for bankruptcy in 2017 so far, here’s a look at the most significant casualties.
Some of the United States’ most prominent retailers are shuttering stores in recent months amid sagging sales in the troubled sector.
The rise of ecommerce outlets like Amazon (NASDAQ:AMZN) has made it harder for traditional retailers to attract customers to their stores and forced companies to change their sales strategies. Many companies have turned to sales promotions and increased digital efforts to lure shoppers while shutting down brick-and-mortar locations.
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3 comments:
would you believe there is a stock one can invest in based on closures vs successful businesses? Absolutely correct! The more closures the better the performance.
Well all you techies, you wanted it you got it.
Doesn't anyone like to try clothing on or feel the texture of the material before buying? I don't like having to send things back because they don't fit or are cheaply made.
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