E-commerce industries are bankrupt
E-commerce industries are bankrupt
For some companies their e-commerce sales have had a gradual decline. Whereas most of the e-commerce companies that reside in the United States have had an increase of around 14.8%. Most of such industries are struggling to pay off their debts.
For example a very old retailer had to file for the 11th Chapter in order to pay off the debts that were of billion dollars so that he could shift towards the online shopping trend. People now prefer to just stay at home and easily buy stuff without having to go through the hassle of physically going to a shop. They can buy anything from anywhere with ease and comfort but that is creating problems for others.
Many e-commerce businesses are falling towards a sharp decline
Many people had to sacrifice their top powerful positions in such companies since they were not able to handle the consequences of the decline of sales. Eddie Lampert, is an example who was the top fund manager, who had been working on the retailing business for years. He was a soul provider for lifelines and financial engineering but sadly had to give up his position as a CEO, due to the decline in sales and the major shift towards the online shopping.
Many online shopping sites is major reason of e-commerce decline
Few of the retail chains that are in the United States have to face the consequences of store traffic that further result in closing of the stores and a downfall in the total number of sales. Some retailers are shifting to online shopping to operate the e-commerce process more efficiently.
Some e-commerce industries in the U.S. that do include the top retailers seem to have found various ways to start online businesses. That is the reason the market grew up to 74%.
