Recognize these retailers? They’ve filed for bankruptcy protection in the past year: Pier 1 Imports, Neiman Marcus, J.C. Penney, J. Crew, Forever 21, GNC Holdings, Men’s Wearhouse. According to legal firm Epic Global, there were over 3,600 Chapter 11 filings through June, a 26 percent increase from the same time last year.
Traditional businesses need to explore online revenue models to survive. Here’s how offline businesses can make a digital transition.