May 16th, 2018
Sign of the Times: Record Defaults for Brick and Mortar Retailers in 2018
For years we’ve been talking about the crumbling brick and mortar paradigm and the rise of e-commerce, and a new report this week from Moody’s helped further illustrate this point. As this CNN Money piece explains, during the first quarter of 2018 nine major retailers defaulted on their debt, despite the fact the economy is doing well overall. That’s 9 defaults in the first three months of 2018 – which is really noteworthy when you realize there were 13 defaults in all of 2017.
Just as we’ve been stating for years, changing consumer behavior and advancing e-commerce is becoming a huge factor for traditional retail brick and mortar chains. The paradigm shift we’re witnessing now with the digital age has obviously shaken up the retail industry, but it also serves as a tremendous opportunity for companies like Market America | SHOP.COM to absolutely thrive. We were built for the digital age and designed to lead the ecommerce parade – not to mention we offer an incredible opportunity to convert spending into earning with the Shopping Annuity!
There’s never been a better time to capitalize on the digital revolution with Market America! Not only have we been in business for over 26 years, but during that time we’ve flourished into a global company with $8.2 billion in retail sales while also helping UnFranchise Owners earn over $4.2 billion themselves! In a time when so many brick and mortar retail chains are getting left in the dust, we’re thriving and expanding to new markets. Maybe its time for you to become an UnFranchise Owner?