Amazon and Walmart too much competition for retail
2017 was not the best time for American retail stores – 50 major chains went bankrupt, including the iconic Toys “R” Us and Payless Shoes brands. Department stores and other retail stores did not withstand competition from both Amazon and Walmart. At the moment the situation has not improved. In February 2018, companies like Bon-Ton and Tops Markets already filed for bankruptcy and it is likely that more companies will do the same.