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john65pennington's avatar

What's in store for some businesses next year?

Asked by john65pennington (29268points) July 10th, 2010

According to 24/7 Wall St., 2011 could very possibly be the end of the road for several well-known businesses. i read the list and was totally shocked. big name business like T-Mobile, Blockbuster, Readers Digest, BP, Zales, Radio Shack and Kia Motors for example. all heading for bankruptcy, dissolvement, or merging with other companies. this is a sad situation. Mr. President are you listening? whats next? McDonalds? any opinions or memories associated with these businesses?

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5 Answers

netgrrl's avatar

Most of these are companies that have failed to keep up with the times, like newspapers. T-Mobile hasn’t grown enough to stay in competition with AT&T, Sprint, and Verizon. Blockbuster… well, aren’t all the video stores in danger from the Internet?

I can’t even remember the last time I saw a Reader’s Digest other than a doctor or dentists office.

Seek's avatar

Agreed, @Netgrrl. When was the last time you had to go to Radio Shack? Everything in their catalog is in Walmart or at least Best Buy. Zales… well… one less blood-diamond peddler in the world won’t hurt anyone.

netgrrl's avatar

@Seek_Kolinahr It’s been a long time. Even then, I could have gotten it some where else, but I was driving and saw a Radio Shack and decided to stop. I was surprised to hear they were selling iPhones this year, for instance. Even the name, Radio Shack, feels outdated.

rebbel's avatar

For the people who work in these businesses it is indeed a sad situation, but i don’t care that much for the businesses themselves to disappear.
Kia disappearing?
We could do with three, four automobiles manufacturers in the world i would say.
Same goes for the others that you mentioned.

CaptainHarley's avatar

Business is evolutionary. Those who can’t keep up fall by the wayside. There is no such thing as “too big to fail” ( tell that to the Dinosaurs ). The only reason Obama bailed out some of the larger businesses is because he owed his election to the labor unions and it was payback time.

This is the truth. If you don’t want to believe it, then don’t, but that doesn’t make it any less the truth.

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