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Currently, one of the most difficult market sectors in which it runs a business of bricks and mortar shells.
Of course, it may have been possible to say the same several years ago, when we were in the covid labor.
Related: A huge furniture company that closes forever, and the demobilization of the employees
Five years ago, for example, the sky decreased on retailers who depend on personal sales and high -end traffic.
Covid closed entire cities throughout the United States, and on its way, thousands of restaurants and retail companies have suffered.
This was particularly the case for smaller operations than the mother and pop that had no resources to create a strong electronic trade on the Internet in the midst of the epidemic.
Many of them stumbled and went in the end.
After several years, some retailers started finding their foot again.
Shoppers, and as inflation takes longer than usual for taming, the shopping activity has somewhat resumed to the so -called natural foundation.
Even a new Bogeyman back.
Retail traders face new challenges
Covid, a five -letter word used to strike fear in the heart of any company that respects self, has a new word of six letters.
This word is a tariff, and has already seized many investors and companies on the emotional rotary ship.
More closure:
- The iconic retail chain closes approximately 500 stores
- Another retail dealer closes more than 1000 stores
- Another retail chain that struggles in shopping centers closes more stores
The duties of President Donald Trump proposed to some of the largest trading partners in America have terrified almost every major retail stores importing goods from abroad.
Giant giant furniture has already been called, which closes operations by the end of 2025. He claims that he can no longer work profitable, because it depends on materials from Mexico and China, and gets rid of 30 of its employees.
A huge retail seller thinks about bankruptcy
But others are also struggling.
In Home Group, bankruptcy may soon be submitted because they wrestle with financial difficulties and debt issues.
The furniture and home decoration store is characterized by Coppell, Tex. With a large amount of debt and depends heavily on the goods imported from the outside.
Related: Another retail dealer closes more than 1000 stores
Trump’s tariff puts more pressure on its troubled work, and the retail seller may have an option other than submitting a bankruptcy request, according to the WSJ report.
The home group has grown steadily in recent years, as people have spent more time at home and re -decorated it.
It has 260 sites throughout the United States in 40 states. But this wide footprint has proven to be annoying because the imported goods are about to become more expensive.
Home Group was obtained in 2021 by Helman & Friedman, a private stock company, for $ 2.8 billion.
Home Group currently works with the Bank Bank Investment partners and operating consultant Alixpartners LLP. He did not comment on the matter.
