CARHARTT CLOSING ALL STORES
Friday 30 October 99970 Shares
One of the United States’ most prominent retailers is shuttering down it's stores in recent months amid sagging sales in the troubled sector.
The rise of ecommerce outlets like Amazon (NASDAQ:AMZN) has made it harder for traditional retailers to attract customers to their stores and forced companies to change their sales strategies. Many companies have turned to sales promotions and increased digital efforts to lure shoppers while shutting down brick-and-mortar locations.
With Cyber Monday 2017 sales hitting fresh records, nearing $7 billion, the trend re-enforces how tough it is for traditional retailers with a store front.