10 companies on their last legs
1. Blockbuster Video – Netflix and Redbox have taken market share away from this one time king. Downloadable movies will only decrease traffic in its stores.
2. Rite Aid – Still trying to return to profitability in an industry that includes heavyweights Walmart, Walgreens and CVS.
3. Borders Group - Online retailer Amazon and Barnes & Noble own the book sales industry.
4. Heely’s – Their shoes appear to be a fad item whose bubble is bursting.
5. Crocs – See Heely’s
6. Ace Hardware – Home Depot & Lowe’s have significant pricing power over Ace.
7. Build-A-Bear – Seems like the ultimate fad item.
8. Yahoo – It’s never good when an industry that you used to dominate is now known by your biggest competitor’s name.
9. Toys R Us – Business model eerily similar to KB Toys.
10. Gannett Co. - It’s not an advantage to be largest publisher in the newspaper industry when subscriptions and revenue are dropping.
Is Rite Aid doing any better in 2011? What do the numbers day, ie, debt and sales?
The numbers are still pretty bad. Long term debt is incredibly high and sales are declining still.