The commonality these businesses share (and like brands) is a decline in the earning potential over the past several years. All of this was in a report I read this afternoon. A decline in a business’s ability to produce enough revenue to pay all its debt is disastrous to the overall economy.
A recent online report stated over 160 companies filed either Chapter 11 or bankruptcy in 2023. Also in 2023, Dollar Tree, Party City, gap, Overstock, Office Depot, Fred’s, Claire’s, JCP, Macy’s, Kohls, Applebee’s, Sears, Pizza Hut, Quiznos, Victoria Secret, Regal Cinema, I-Hop, Bed Bath & Beyond, Pier 1, Walgreens, Outback, TGI Fridays, J. Crew, Abercrombie & Fitch, Party time, Office Depot, and Academy.
The commonality these businesses share is they have been fighting against inflation in supply costs since COVID-19, high debt, and failed consolidation.
- David’s Bridal has experienced less foot traffic in the stores due to changing consumer preferences. Brides nowadays are opting for casual wedding dresses over traditional gowns.
- Neiman Marcus is on their last legs. The impact of the COVID-19 pandemic on its business caused a significant amount of debt, something to the tune of $5 billion, Neiman Marcus is having a hard time paying it off.
- PetSmart, the largest pet retailer in the United States is having difficulty paying down debt while also making a notable profit. Growing competition may force this retailer to file for bankruptcy. In 2019, PetSmart bought e-commerce competitor Chewy, which weakened the company’s financial position.
- Acquiring Orchard Supply Hardware forced Lowe’s to lay off 4,000 employees and close 98 stores. Ultimately the acquisition cost much more than expected.
- Subway franchisees are dissatisfied with the company’s price increase and product quality decrease. Some stores are failing to stay afloat because Subway can’t compete with other sandwich chains that offer better food at a better price. According to reports, the company closed over 1,200 stores in the United States in 2020, and its total number of locations worldwide dropped from over 42,000 in 2019 to just over 37,000 in 2020.
The commonality these businesses share is loss of revenue competing with an increase in online shopping resulting in doors closing, employee layoffs, and fewer employment options available for job-seekers. In the month of January 2024 alone, over 97,000 employees lost their jobs.
This is bad news vs. good news! You may ask how is tens of thousands of people losing their jobs bad news vs. good news? How can mega brick-and-mortar corporations closing their doors have an upside? Granted that is bad news albeit it is temporary. Again, you may ask how can this be a temporary situation with fewer businesses still offering jobs.
It is good news for those who think outside the box and are willing to take a chance on their ability to run their own business. It is good news for anyone willing to believe that something may come along that sounds too good to be true but is a tried and true success-proven opportunity. That is what I am anxious to share with you right here, right now.
Well, here is the good news.
- An online business that is easy to learn with ongoing training and support?
- An online business with no saturation point?
- A business that is already established globally?
- A business with multiple streams of income?
- An online business with no glass ceiling, and the earning potential is only as high as you want to set it?
- A Place to Find Out How It Works!
We love to share the potential, the business, the community, and the ongoing support with you. Discover More! I can understand the skepticism. Generally, I am a skeptic at heart. I was when I first looked into this business. Boy, have I been proven wrong, and I am glad I was. I have worked many different jobs over my working decades. Working for someone else was how I was taught it was supposed to be done to be successful. The old “Keep your nose to the grindstone” method of success. However, much to the dismay of my parents, something in the back of my head kept whispering that there had to be something better. There is and it took me a long time to find it. Hopefully, you won’t let this opportunity slip away because you doubt the credibility of these statements. This business is based on two (2) core values; Honesty and Pay-it-Foreword! Learn About Our Services!
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