Just last week, Business Insider reported that an estimated 3000+ retail stores will be shut down.
Some of the stores that will be cutting jobs in 2017 include big box stores such as:
- JC Penney
And in addition to this, some other well-know retail brands including:
- Radio Shack
- American Apparel
- The Limited
- Gander Mountain
So What Does This Mean for Jobs Lost?
If you take an average employee count per store at each of these retailers set at 100 (larger for big box stores, and smaller for the smaller retail stores), that means more than 300,000 jobs will be cut?
What’s the Reason They’re Closing All These Stores?
Business Insider revealed that per a Bloomberg Report, the reason Bebe is cutting jobs in 2017 and closing stores is “to focus on increasing it’s online sales.”
Is There Hope for the Out-of-Work People Affected?
The truth is, that most people are getting more comfortable shopping online, which means that there are lot more opportunities to learn how to generate profits by understanding online business.
Thousands of people each day are turning to the internet to make money from home.
You can start learning how to create an online business here.
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