Dead Company Walking
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.
