As I see it many high street retailers with a complementary on-line sales option will hold their place as "personal" service providers. K Mart and Big W and Kogan will hold their place but what of the rest? The queue will only get longer for those businesses that don't or can't plan for an economic downturn as global credit conditions tighten.
To survive, small and mediums businesses must be readily scalable, flexible and sometimes modest in what they do and how they do it BUT how can larger enterprises adapt with locked in directions, costs and compliance requirements?? I don't have an answer to that one.
Back to the thread head Chapter 11 is not actually bankruptcy ...... it's Administration. The administrator will likely prune the business and costs with the view to paying back the creditors if this is at all possible.
That said, the toy business is tough one. Kids are hooked on electronic games and parents will generally buy on price for must of the stuff.
