24/7 Wall Street actually released their Ten Brands That Will Disappear in 2012 (247wallst.com) (4 pages) back in June, but lots of people don't actually look at publication dates when they start rehashing it for their own sites, and this list proved impossible to resist. To save you some clicks, here's their list, short 'n' sweet:
1. Sony Pictures 2. A&W All–American Food Restaurants 3. Saab 4. American Apparel 5. Sears 6. Sony Ericsson 7. Kellogg's Corn Pops 8. MySpace 9. Soap Opera Digest 10. Nokia
Now, to show you how many grains of salt you might want to take with this list, let's go back and see what their lists were for previous years, and just how many brands which DIDN'T disappear made those lists:
Ten Brands That Will Disappear in 2011 (source) Reader's Digest Blockbuster Dollar Thrifty Automotive Group T-Mobile Moody's BP RadioShack Zale Merrill Lynch Kia Motors Corporation
Ten Brands That Will Disappear in 2010 (source) Newsweek Motorola Palm Borders Blockbuster Fannie Mae Freddie Mac Ambac Financial Group Eastman Kodak Sun Microsystems E*TRADE
Twelve Major Brands That Will Disappear by the end of 2010 (originally published in April, 2009 - source) Avis/Budget Borders Crocs Saturn Esquire Magazine One of: Gap, Old Navy and Banana Republic Architectural Digest Magazine Chrysler Eddie Bauer Palm AIG One of: UAL, AMR, USAir
Yeah, 24/7 Wall Street has a habit of writing "Ten X that will disappear" articles that never seem to happen. I discovered that with their "National Restaurants Chains That Will Go Bankrupt" series, which all seemed to be based on their stock Z-score.
Blockbuster is officially history here in Canada. All stores have been shut down.
Why the heck would they suggest SEARS will cease? Sears bought out one of Canada's largest department store companies about a decade ago, and are kicking the arse of the Bay.
To add to Mr Heel II's "Done in 2013" pool, ZELLERS. If not completely finished, a good majority of their locations will be shuttered and turned into TARGET - but no idea if the ones not picked up will continue onward.
Originally posted by OliverWhy the heck would they suggest SEARS will cease? Sears bought out one of Canada's largest department store companies about a decade ago, and are kicking the arse of the Bay.
They got hit really hard with below-expected retail sales this past holiday season, and are closing anywhere from 100 to 200 Sears/KMart stores nationwide.
I think this is the year Yahoo goes, althought maybe, just maybe the name stays. And I think Ask needs to go or reposition somehow significantly. It cannot compete against Bing and google.
I think one more major bank has to go - I think it's Suntrust. But maybe Regions. One of them get absorbed.
(edited by AWArulz on 30.12.11 1751)
We'll be back right after order has been restored here in the Omni Center.
That the universe was formed by a fortuitous concourse of atoms, I will no more believe than that the accidental jumbling of the alphabet would fall into a most ingenious treatise of philosophy - Swift
Yahoo's been a takeover target at least since late 2008. Microsoft offered to buy them for $44.6 billion. Yahoo said no, and haven't been worth near as much since. They're on their third CEO since, and profits are pointing down. Our friends at Quantcast say Yahoo has lost 20% of their visitors in the last year. It's trending badly and it's not reasonable to believe the people in charge might want to flip the company before the value drops more. Don't think the actual name is going away quite yet.
I would guess MSN is the actual most visited homepage, since it's default on most Windows PCs and enough people don't bother checking it. Sites that measure usage based on toolbars says it's Facebook, then Google.
We'll be back right after order has been restored here in the Omni Center.
That the universe was formed by a fortuitous concourse of atoms, I will no more believe than that the accidental jumbling of the alphabet would fall into a most ingenious treatise of philosophy - Swift
This is the first time since at least 2010 that Blockbuster, my employer, isn't on this list, and actually given this magazine's track record in accurate predictions so far, it makes me wonder if this year I actually have to worry.
"You can't make an omelet without ruthlessly crushing dozens of eggs beneath your steel boots and then publicly disemboweling the chickens that laid them as an example to others." --General Tarquin, The Order of the Stick
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