It's no secret that the profit margins of retail stores have suffered since the rise of online shopping. Many of the larger stores that have been around for generations are either laying off its workers or closing down stores altogether. J.C. Penney, Sears and the ever popular Family Christian Stores which have been in business for eighty-five (85) years! All have been downgraded or have been forced to close. But why?
In fact, in recent years J.C. Penney, Sears, and others have been downgraded or have been forced to close. But why?
Why has this suddenly happened? Has it been as sudden as it feels or has it been happening for awhile now and we are just now starting to pay attention? And why is March 15th the chosen date where experts believe “everything will come to a halt”?
After the break, keep reading to see what one expert has to say.