DelhiDesk Bricks-and-mortar chains are going bankrupt at a rapid pace, with experts citing this as the fastest since the 2020 lockdowns. One bankruptcy lawyer has said that there is no more easy money.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉Bricks-and-mortar chains are going bankrupt at the fastest pace since the 2020 lockdowns.
👉Bankruptcy lawyers say “there’s no more easy money.”
👉The pandemic has accelerated the shift towards e-commerce.
👉Online sales have surged, while foot traffic in physical stores has dwindled.
👉Retailers that were already struggling pre-pandemic are particularly vulnerable.
👉Many consumers have become accustomed to shopping online and may not return to physical stores even after the pandemic.
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