Sharing Services Global Corporation (SHRG) Strategically Positioned for Shift in Workforce, Retail Industry
Jul 12, 2019
A quick search of the retail industry suggests that the sector is dying, as stores such as Payless, Walgreens, JCPenny, Victoria Secret and more announce closures. However, a closer look reveals that the industry is not dying; it is merely changing. People are skipping crowded malls and shops and opting for the ease of e-commerce and the comfort of direct-selling. According to Statista, the direct-selling market brought in $64 billion in the Americas, with wellness products leading the way with 33.8 percent of total industry sales. An estimated 20.5 million people are involved in direct-selling in the United States, marking a 31 percent increase over a five-year period (http://nnw.fm/4wlVp).
The United States is also experiencing a shift toward entrepreneurship and working remotely. Companies specializing in the direct-selling industry, such as Sharing Services Global Corporation (OTCQB: SHRG), are ready for the influx. According to a…
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