With the economy in the state that it is in, businesses are making further cuts in order to survive. With less demand for products and services, businesses have to make decisions on how they are going to move forward in a changing climate. Workforce is generally the first to go and if that is not enough, businesses have to look at other areas. In the past, businesses have had chains of stores, some running at a loss but are only kept open as a form of exposure for their brand. Unfortunately, with decisions to close stores in order to trade another day, many people will lose their jobs, which in turn effects the unemployment rate and competition for remaining jobs will increase. (life is a competition).
How many of these closures are due to new technology changes i.e. downloads etc. Are these closures actually impacting the businesses bottom line or are the only losers in these closures the employees?
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