E-Commerce is the fastest growing business in the world today. And this has brought down a giant toy store like Toys R US.
Toys R US filed for Bankruptcy. There were two reasons that came up most.
First, Because of a huge debt of 7.5 billion dollars they had acquired in 2005.
Second, the big reason cited was declining sales. Where did the sales go? The sales when to companies like Walmart and Amazon.
More than 35 other chains have filed for bankruptcy in this year (2017) alone. And it is not going to stop on that. And everyone is blaming e-commerce. This has emerged as the fastest growing business online. Above Bitcoins, above affiliate marketing, above stock markets or above any other business known to mankind today.
So it is good news for you if you have already started riding on the e-commerce wave. But it is bad news if you are trying to setup a traditional store like Toys R US even if you have a huge investment available to you.
(Site link deleted as promotional by Moderator)
Tell me what you think about this, will love to see some discussion on this topic.