“2017 will be the year of retail bankruptcies,” Corali Lopez-Castro, a bankruptcy lawyer, told Business Insider in Palm Beach, Florida. “Retailers are running out of cash, and the dominoes are starting to fall.” With more and more consumers migrating towards digital, while online retailers focus on delivering extreme levels of on-demand, customer-centric experiences, it’s no mystery that brick-and-mortar business has taken a substantial blow. This year a record number of well-known retailers have filed for bankruptcy. Stores like Radioshack, Payless, hhgregg, among others, will be shutting down stores nationwide in numbers comparable to the financial crisis of 2008. Difference this year is… Banks are not willing to aid these retailers being that this time around, the problem lies in the structure of the business rather than operational issues. Meaning, online is not only catching up, its prevailing.

Our mission as a consumer product acceleration platform, is to help companies currently in the market (national or international), leverage our online technologies and infrastructure to remain relevant while increasing revenues month over month. This recent trend in retail is only a testament for the need of either big or small companies to capitalize on all available avenues to grow their customer base online. Our programs ensure that growth is happening as well as tracking of key financial metrics which we later share and analyze with our clients. All this aimed at optimization of sales. No company should fail in one of the world’s biggest markets. If you are an enterprise company or emerging entrepreneur, we can help you dominate your industry.

 

To read more on the state of retail, follow the link below:

http://www.businessinsider.com/retailers-are-going-bankrupt-at-a-staggering-rate-2017-4

 

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