10 Brands That May Disappear in 2011

pshsx1 · #1 07-09-2010, 09:59 PM

http://finance.yahoo.com/banking-bud...appear-in-2011

Quote:

24/7 Wall St. has created a new list of brands that may disappear, which includes Readers Digest, Kia Motors, Dollar Thrifty (NYSE: DTG - News), Zale (NYSE: ZLC - News), Blockbuster (BLOKA.PK - News), T-Mobile, BP Plc (NYSE: BP - News), RadioShack (NYSE: RSH - News), Merrill Lynch and Moody's (NYSE: MCO - News).
24/7 Wall St. regularly compiles a report of brands that are likely to disappear in the near-term. Last April, and again in December, we published our findings. Usually, it would take a full year before such a list could be compiled again. However, the current economic climate has accelerated this process and a majority of the brands on the first two lists are either gone, have been acquired, or have filed for bankruptcy.
With a number of the brands on the December list either gone or on a short-term path to extinction, 24/7 Wall St. has put together the latest version of the Ten Brands That Will Disappear. To qualify, we expect that brand to be gone by the end of 2011, or for its parent to be sold or go into Chapter 11.

Last time I read this I think Blockbuster, RadioShack, and Kia were still on it.

I don't want my phone company to die.

tld221 · #2 07-09-2010, 10:14 PM

Yeah i peeped this. Man looks like i'm gonna be going back to Verizon...

agzg · #3 07-09-2010, 10:15 PM

I guess I didn't realize T-Mobile was doing that poorly...

AOII Angel · #4 07-09-2010, 10:34 PM

I was getting a haircut the first weekend after I moved to PHX, and a group of women were getting pedis behind me. I couldn't help overhearing their conversation. Apparently one of them worked for Blockbuster. She went on and on about what a great company Blockbuster was. She thought that they'd never go out of business because they sold everything! I just sat there chuckling to myself thinking she'd be looking for a new job within a year.

PiKA2001 · #5 07-09-2010, 10:48 PM

Quote:

Originally Posted by AOII Angel

I just sat there chuckling to myself thinking she'd be looking for a new job within a year.

Why would you find it funny that someone might be losing their job in this economy? Blockbuster has a lot of retail stores across the country, if they were all to close it would add a couple thousand people to the list of unemployed.

dreamseeker · #6 07-10-2010, 12:08 AM

Quote:

Originally Posted by PiKA2001

Why would you find it funny that someone might be losing their job in this economy? Blockbuster has a lot of retail stores across the country, if they were all to close it would add a couple thousand people to the list of unemployed.

i was wondering the same thing....

AOII Angel · #7 07-10-2010, 11:07 AM

Quote:

Originally Posted by PiKA2001

Why would you find it funny that someone might be losing their job in this economy? Blockbuster has a lot of retail stores across the country, if they were all to close it would add a couple thousand people to the list of unemployed.

Oh please...I didn't find it humorous that she would lose her job but that she thought Blockbuster was such a strong company. Learn to read posts.

knight_shadow · #8 07-10-2010, 11:14 AM

Quote:

Originally Posted by AOII Angel

Oh please...I didn't find it humorous that she would lose her job but that she thought Blockbuster was such a strong company. Learn to read posts.

I got what you meant. Not really sure what caused the uproar.

But I remember working at Blockbuster years ago. The company treated employees and customers like shit and had a "too big to fail" mentality. Good riddance.

Alumiyum · #9 07-10-2010, 06:13 PM

Quote:

Originally Posted by PiKA2001

Why would you find it funny that someone might be losing their job in this economy? Blockbuster has a lot of retail stores across the country, if they were all to close it would add a couple thousand people to the list of unemployed.

I'm wondering the same thing. Finding a job can be so hard right now, losing one is definitely no laughing matter.

WaxOff · #10 07-10-2010, 06:37 PM

I'm surprised to see T-Mobile on this list. Their parent company is Deutsche Telekom and they are doing quite strongly. So strongly, in fact, that's it's been rumored that they were going to buy out more of the American wireless market.

For a while there, it looked like Sprint would be their next acquisition, now rumors are centering around Cricket and some of the other smaller players. The problem with that is that everyone they've been rumored to buy out are CDMA networks and their network is GSM. They'd have to do some serious rebuilding.

Their options are Virgin Mobile, who already uses their backbone, and AT&T. Personally, I'd see AT&T buying them out first, if they were still serious about playing the wireless game. It would give them the larger 3G network they need to compete against Verizon. It'll be interesting to see how this all pans out.

ThetaDancer · #11 07-10-2010, 09:38 AM

I'm surprised to see T-Mobile on the list. Unfortunately, I'm not particularly surprised by Blockbuster or Readers Digest being listed.

Quote:

Originally Posted by AOII Angel

I just sat there chuckling to myself thinking she'd be looking for a new job within a year.

This made me cringe. I'm hoping you just worded this really poorly and didn't literally laugh at someone's potential misfortune.

DrPhil · #12 07-10-2010, 10:58 AM

Dr. Angel's post really bothered me.

It's okay, we all have our cringe worthy moments on and off the Internet.

AOII Angel · #13 07-10-2010, 11:13 AM

Quote:

Originally Posted by AOII Angel

I was getting a haircut the first weekend after I moved to PHX, and a group of women were getting pedis behind me. I couldn't help overhearing their conversation. Apparently one of them worked for Blockbuster. She went on and on about what a great company Blockbuster was. She thought that they'd never go out of business because they sold everything! I just sat there chuckling to myself thinking she'd be looking for a new job within a year.

Since it seems several people were stunned by this post, let me clarify. The woman was in middle management with blockbuster. She went on and on about the company for about 15 minutes about how strong the company was. I do not find humor in her misfortune, just in her complete lack of understanding of her companies financial situation, especially since this was not a teenager working the desk at a store.

DrPhil · #14 07-10-2010, 11:43 AM

For the record....

Quote:

Originally Posted by AOII Angel

The woman was in middle management with blockbuster.

Middle management employees tend not to truly be informed of the financial situations of the companies they work for.

Quote:

Originally Posted by knight_shadow

But I remember working at Blockbuster years ago. The company treated employees and customers like shit and had a "too big to fail" mentality. Good riddance.

You worked for the corporate office or one of the locations? That makes a big difference.

I have my list of companies that I hate. However, within the context of this thread, "good riddance" for even the crappiest and most exploitative of companies should not ignore all of the jobs that will be lost. That's definitely nothing to celebrate.

AOII Angel · #15 07-10-2010, 11:45 AM

Quote:

Originally Posted by DrPhil

For the record....

Middle management employees tend not to truly be informed of the financial situations of the companies they work for.

You worked for the corporate office or one of the locations? That makes a big difference.

I have my list of companies that I hate. However, within the context of this thread, "good riddance" for even the crappiest and most exploitative of companies should not ignore all of the jobs that will be lost. That's definitely nothing to celebrate.

But as an educated person, she should be able see what every other educated person in the country can see... Blockbuster is in trouble.