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Ten Brands Predicted to Disappear in 2014

On Behalf of | Jun 10, 2013 | Bankruptcy in the News, Business & Commercial Bankruptcy

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..