How Online Sales Sites and Apps have Bankrupted Big Retail Stores
For many business owners, the future isn’t what it used to be. This is especially true for chain retail storeowners. In the old days, a Sears or K-Mart as its central fixture dominated every mall and shopping center. But the time of the big box retail giants, like that of the dinosaurs before them, has surely come and gone.
Online Stores Have Squeezed Out Their Physical Competition
Everywhere you look you read stories about formerly huge retail chains, such as Radio Shack, Blockbuster Video, and the like being squeezed out by competitors who are based on the world wide web. Huge sites like Amazon represent the future of retail.
If your store isn’t set up to compete in this new world, you’re going to suffer as sales drop and your share of the marketplace decrease to a fraction of what they used to be. The simple truth of the matter is that people prefer to log on to the web rather than spend time, money, energy, and fuel on a visit to a physical retail store.
There are many retail storeowners who feel that the best response to the solution is to go bankruptcy. They feel that this is the only way to avoid complete poverty while being hounded for the rest of their life by a swarm of creditors. A quick phone call to the bankruptcy attorney DFW Tex. residents rely on is their first step.
Contact a Bankruptcy Attorney in DFW Tex. for More Info
If you are considering going into bankruptcy in order to save what’s left of your assets, you will need the aid and counsel of an expert on the subject. Your best bet is to contact a professional Dallas Chapter 11 bankruptcy attorney.
This is not a subject that you should take lightly. There are many pros and cons that need to be weighed. You can contact the firm of Pronske & Kathman, P.C. for an initial consultation. This is the best way for you to decide how to move forward. You can make the call today in order to get started.