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Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys

Get The Fresh Start You Deserve

Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys
GET THE FRESH START YOU DESERVE

Bankruptcy &
Debt Relief For
Individuals and
Businesses

Chapters 7, 11
and 13

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Foreclosure
Defense &
Mortgage
Litigation

Saving Homes
Fighting Banks

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Loan
Modifications

Preventing
Foreclosure

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Commercial and 
Bankruptcy
Litigation

State Federal &
Bankruptcy Court

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Bankruptcy & Debt Relief For
Individuals and Businesses

Chapters 7, 11 and 13

Find Out
More

Foreclosure Defense &
Mortgage Litigation

Saving Homes Fighting Banks

Find Out
More

Loan Modifications

Preventing Foreclosure

Find Out
More

Commercial and Bankruptcy
Litigation

State Federal &
Bankruptcy Court

Find Out
More

Ten Brands Predicted to Disappear in 2014

| Jun 10, 2013 | Business & Commercial Bankruptcy, News Bankruptcy and Debt |

We recently came across an article predicting 10 brands sold in America that will disappear before 2014. The criteria used to make the predictions are listed as:

  • Declining sales and losses
  • Disclosures by the parent of the brand that it might go out of business
  • Rising costs that are unlikely to be recouped through higher prices
  • Companies that are sold
  • Companies that go into bankruptcy
  • Companies that have lost the great majority of their customers
  • Operations with withering market share

Each brand on the list suffers from one or more of the above problems. The article predicts that each of the 10 will be gone, based on the above criteria, within 18 months. The list of 10 brands predicted to disappear is:

  1. JC Penney
  2. Nook
  3. Martha Stewart Living magazine
  4. LivingSocial, a daily deals website
  5. Volvo
  6. Olympus digital camera business
  7. Women’s National Basketball Association
  8. Leap Wireless International Inc.
  9. Mitsubushi Motors
  10. Road & Track magazine

Only time will tell if the predictions are correct. If you own a business that is experiencing any of the same financial troubles as these entities, contact Levitt & Slafkes, P.C. for help. We are bankruptcy lawyers who know how to make a difference in your financial situation. We have experience you can rely on and we care about your results. Contact our New Jersey law firm online by filling out the form or by calling 973-323-2953 to schedule a free initial consultation at Levitt & Slafkes, P.C..

 

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