I have to admit it’s a depressing time to be writing about multichannel merchants. So many of them have failed, are failing, or are about to fail – and it’s tough sometimes to have to interview business owners who just aren’t sure whether they’ll be around next year.
Don’t get me wrong, I love my job, it’s just that lately I’m starting to feel like a social worker.
A few weeks ago I was still pretty optimistic – I was thinking it would take just a few months for the stock market to stabilize, for consumer confidence to be restored, and for things to get relatively back to normal.
But after reading a few articles today about the looming credit crisis, my feeling is the situation is more than likely going to get worse. My guess is that roughly 30% of the companies we covered in Multichannel Merchant in 2008 won’t be around by the end of 2009.
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