Warning: your favorite company might be at risk of shutting down soon. Or in some cases, it is already gone. With the trend of online continuing to grow, the need for physical stores is decreasing. And with people starting their own businesses each day, big companies are extra vulnerable to losing customers. Thanks to Amazon, people can have anything they want shipped to them in two days. One company that has felt the pain of that first-hand is Toys”R”Us. Click through to learn which other companies are at risk of shutting down or already have. You probably didn’t even know about some of these!
Abercrombie & Fitch
It seems that Abercrombie & Fitch is in big trouble. The company was facing declining sales so they acted promptly. In March of 2017, they announced the closing of 60 American stores that had expiring leases.
On top of that, the company has shut down hundreds of other store locations within the past few years. They are trying to get on board with the new paradigm and focusing more of their efforts on online sales. Now, where will kids go to get that awesome-smelling cologne?