Posted on 02/09/2009 6:37:53 AM PST by DouglasKC
Who's next?
With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens 'n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a much broader epidemic.
(Excerpt) Read more at finance.yahoo.com ...
“Household names like Circuit City and Linens ‘n Things have already perished.”
To be honest, I’m surprised Circuit City didn’t perish long before the recession.
Circuit City has been on that downward glide slop for well over a decade. LIke you, I’m surprised it limped along to this point.
You’re right. The recession was just the last nail in Circuit City’s coffin. They stupided themselves to death.
Linens ‘n Things just had too narrow of a product line.
Hopefully it’s because more people caught on that you don’t really need to pay $80 for a 6 foot HDMI cable, etc.
On the list is Rite Aid and Krispy Kreme. Krispy Kreme made the classic mistake of overexpansion.
That and the fact that a lot of their stock of electronics tend to be dated, over priced, and their staff usually dumber then a box of rocks.
Not that Best Buy is much better in the staff IQ department, but at least their product quality and prices are pretty good.
Rite Aid
Claire’s Stores
Chrysler
Dollar Thrifty Automotive Group
Realogy Corp
Station Casinos
Loehmann’s Capital Corp
Sbarro
Six Flags
Blockbuster
Krispy Kreme
Landry’s Restaurants
Sirius Satellite Radio
Trump Entertainment Resorts Holdings
BearingPoint
OMG - KRISPY KREME?!?! NOooooooooo...
Circuit City got on my bad side after a return fiasco on a RAM stick and the DIVX debacle.
DIVX had to have been one of the stupidest things pushed on people in the history of man.
I read this pretty quick, but noticed only one company on the list that actually makes something.
Um, several of them make something - FOOD.
I was wondering the same too.
The rest are more-or-less traders.
Netflix is kicking Blockbusters butt. I've never liked Blockbuster though. I don't know what it was about them but it always just seemed weird to be there.
I would have picked Chrysler and Krispy Kreme as making something... and would be sad to see either fall by the wayside
“Krispy Kreme made the classic mistake of overexpansion.”
Right. Which is part of Starbuck’s problem as well. For example here we have a couple of Starbuck’s within a mile of each other.
I seem to recall TCBY running into a similar issue back during the recession that hit in the early 90.
Nope, wrong model. They were too diversified. That's why I'm going national with a chain of "Mega Spatula Warehouse" (just as soon as my huge loan clears the final approval...)
Yep Chrysler is the only manufacturer. Is that good news or bad news?
“That and the fact that a lot of their stock of electronics tend to be dated, over priced, and their staff usually dumber then a box of rocks.
Not that Best Buy is much better in the staff IQ department, but at least their product quality and prices are pretty good.”
Agreed. I usually make out better at Best Buy. However, most times I’d go to either Circuit City or Best Buy to test drive something...then go buy it somewhere cheaper on the net.
Sirus Satellite radio is in danger this year? I thought that their subscriptions were up by 16% in 2008. Also they merged with XM satellite radio last year.
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