Market exit refers to the process by which a business or organization stops or withdraws from selling its products or services in a particular market. This can occur for various reasons, including declining sales, increased competition, shifts in consumer preference, or strategic reallocation of resources. A market exit can involve completely ceasing operations or selling off assets related to that market. Companies may choose to exit a market to reduce losses, focus on more profitable areas, or adapt to changing economic conditions. The decision to exit may involve careful analysis and planning, as it can have significant implications for stakeholders, including employees, customers, and investors.
Industry Turmoil Strikes Again In a surprising move, Stromer has announced the immediate halt of electric bike sales in both Canada and the United States. This decision follows closely behind…