Reasons for Retail Chains Closing
"Look at the number of retail chains that have had to close their doors. I am not sure how much was due to competition or how much was on consumers who over extended their credit and defaulted on their payments. This would cause these chains to lose money." I believe that even though the credit situation paid a major role in the number of retail chains going under, I believe that so much completion was around that not all of the chains were able to stay open due to the numbers.Explain© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/accounting/reasons-for-retail-chains-closing-7fov
...fects the banks and credit card companies rather than chain stores in general. The only effect that it has on chain stores is if the customer is using a specific store card and puts money on it that he cannot pay back. However, this is the smallest portion of the ...