Making money when starting a business has always been a challenging task . And as the years go by, it becomes more and more challenging to turn a profit in an ever expanding and always changing economy . Today , Money analyst Mellody Hobson takes time to explain exactly why things are this way and discusses which way business profits are trending these days.
There is no doubt that online retailers – and Amazon in particular – are hurting retailers like Macy’s or JC Penney. But this is not simply an online versus brick and mortar story. Yes, they are up against a booming sector dominated by a savvy behemoth in Amazon, a company that comprises nearly 45% of online sales in the US. But, online retail still only accounts for about 15% of total retail sales in the US, so these traditional retailers cannot place all their woes at the feet of Jeff Bezos. (Source: Mellody Hobson, Black America Web)
Online businesses, over expansion and investors all play a role in the decline of brick in mortar businesses. Click the link below for more info.