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(CNBC)   Five companies that will probably disappear in 2014   (cnbc.com) divider line 109
    More: PSA, pop-up shop, independent record label, Wall Street, J.C. Penney, market capitalization  
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8241 clicks; posted to Business » on 30 Dec 2013 at 3:05 AM (30 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-12-29 11:58:42 PM
fm.cnbc.com

Damn, time has not been kind to her.
 
2013-12-30 12:01:44 AM
Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.
 
2013-12-30 12:05:22 AM
How the fark is Blackberry not on that list?
 
2013-12-30 12:07:30 AM
Won't miss MySpace, Zynga or Martha Stewart.

Won't miss Radio Shack, but sorry to see them go.

Sears will be missed

Zynga and everyone that started the place up should be hung and drawn and quartered..
 
2013-12-30 12:16:40 AM

sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.


You're telling me you don't need $40 1-foot USB cables or 685-foot phone lines or rotary phone finger hole expanders or cathode ray tube cleaner? Well, I'm sorry we can't all be so well off your lordship!
 
2013-12-30 12:16:48 AM

sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.


There was a time when Radio Shacks had walls filled with every imaginable cable, adapter, battery, splitter, converter, and every other electronic odd or end you might need.  When they had all of that, there was a reason to go, you could find what you needed to make whatever you needed to work work.

Now they seem to be trying to market themselves as some sort mini-Best Buy/cell phone store hybrid.  I don't need that, what I need is someplace I can buy a cheap micro-USB to full-size USB cable or 2 female to 1 male stereo-mini splitter without having to go online and wait for something to be shipped.
 
2013-12-30 12:18:53 AM
Zynga

So they finally ran out of games to rip off, eh?
 
2013-12-30 12:22:20 AM

Bucky Katt: [fm.cnbc.com image 530x298]

Damn, time has not been kind to her.


She's morphing into Diane Sawyer.
 
2013-12-30 12:26:53 AM

Piizzadude: Sears will be missed


They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.
 
2013-12-30 12:42:26 AM

sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.


You're not alone in your way of thinking
 
2013-12-30 12:47:46 AM
Martha Stewart?
Zynga?
My Space?

[okaywiththis]

Radio Shack and Sears are not all that surprising but they will be missed.
 
2013-12-30 01:05:28 AM
Sears actually went out of business in 1990, but their accounting systems are so bad that they just don't know it yet.

Actually, Sears has been on these lists for 10 years now....and they will probably outlast all of us. No idea why.
 
2013-12-30 01:37:58 AM

mr_a: Sears actually went out of business in 1990, but their accounting systems are so bad that they just don't know it yet.

Actually, Sears has been on these lists for 10 years now....and they will probably outlast all of us. No idea why.


so we need to just "fix the glitch".
 
2013-12-30 01:49:37 AM

Triumph: Piizzadude: Sears will be missed

They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.


more than likely.
 
2013-12-30 01:50:51 AM
If I had my way I wouldn't buy anything outside of Amazon

I wish they sold real food and real soda.
 
2013-12-30 02:17:15 AM
Radio Shack? But where are people going to go for overpriced cables now? Where will people attempt to make simple purchases, only to have senseless warranty plans and needless upgrades foisted upon them? How will people shop without some hapless employee badgering them for their phone number and address?

Best Buy shares, for example, have zoomed nearly 250 percent higher this year.

i.imgur.com
Well played, Clerks.
 
2013-12-30 02:25:23 AM
cdn0.sbnation.com
 
2013-12-30 03:01:03 AM

ZZ9 Plural Z Alpha: [cdn0.sbnation.com image 640x424]


Thank you. I was expecting this to be the boobies.

/boobied myself
 
2013-12-30 03:27:19 AM
Dose any one have last year list?
 
2013-12-30 03:32:40 AM
 
2013-12-30 05:11:44 AM

Triumph: Piizzadude: Sears will be missed

They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.


Oh, Kenmore and Craftsman will survive...as subsidiaries of Whirlpool and DeWalt, respectively.

/Whirlpool already makes Kenmore dishwashers in the Findlay plant...
 
2013-12-30 05:19:24 AM

Allen262: Allen262: Dose any one have last year list?

Think I found it http://m.fark.com/comments/6322562/-10-iconic-brands-that-will-vanish - over-next-year-Nokia-is-there-so-is-Sears-Myspace-AW-Kelloggs-Corn-Pop s-NOOOOOOO


That's from 2 years ago...and it also has both Sears and MySpace on it. As well as Sony Pictures (still here), A&W restaurants (still here), Saab (still here, but only in Sweden), American Apparel (still here and still relying on softcore to sell clothes), Sony Ericsson (still here), Kellogg's Corn Pops (still here), Soap Opera Digest (still here, though two of the soaps it covers aren't), and Nokia (now part of Microsoft).

So, as you can see, these guys are really good at predictions.
 
2013-12-30 05:45:11 AM

Bucky Katt: [fm.cnbc.com image 530x298]

Damn, time has not been kind to her.


Hard time in the Federal prison will do that to a person. She went in looking like this.

i.dailymail.co.uk
 
2013-12-30 06:04:46 AM

TuteTibiImperes: sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.

There was a time when Radio Shacks had walls filled with every imaginable cable, adapter, battery, splitter, converter, and every other electronic odd or end you might need.  When they had all of that, there was a reason to go, you could find what you needed to make whatever you needed to work work.

Now they seem to be trying to market themselves as some sort mini-Best Buy/cell phone store hybrid.  I don't need that, what I need is someplace I can buy a cheap micro-USB to full-size USB cable or 2 female to 1 male stereo-mini splitter without having to go online and wait for something to be shipped.


The Internet has pretty much killed the need for a boutique electronics stores, and the profits required to support boutique electronics in expensive retail locations. I don't think any strategy could have saved them from oblivion.

The other problem is the decline in hobbyist electronics.
 
2013-12-30 06:21:55 AM

GreenAdder: Radio Shack? But where are people going to go for overpriced cables now? Where will people attempt to make simple purchases, only to have senseless warranty plans and needless upgrades foisted upon them? How will people shop without some hapless employee badgering them for their phone number and address?

Best Buy shares, for example, have zoomed nearly 250 percent higher this year.

[i.imgur.com image 190x140]
Well played, Clerks.


To be fair, the last three times I went into Radio Shack, they did not ask for my phone number, nor try to shove a warranty on me. The adapter I needed was overpriced, but I needed it that weekend. Got a replacement phone case on clearance on another trip without any hassle.

I already miss the "old" Radio Shack. But I haven't bought loose resistors in at least three decades.

I was someplace where they tried to sell me an extended warranty on socks. I probably should have purchased it just to troll the warranty company later. I seem to recall being pushed an extended warranty for $2.00 on some cheap earbuds at Staples or Office Depot.
 
2013-12-30 06:39:15 AM
who closed this year?

my list for 2014
toys-r-us
red lobster
jc pennys
radio shack
spencers
 
2013-12-30 06:40:24 AM

Allen262: Allen262: Dose any one have last year list?

Think I found it http://m.fark.com/comments/6322562/-10-iconic-brands-that-will-vanish - over-next-year-Nokia-is-there-so-is-Sears-Myspace-AW-Kelloggs-Corn-Pop s-NOOOOOOO


Interesting. That was two years ago - predicting for 2012 - and it was pretty much wrong then, too.  These lists are like corporate troll bait. It gets everyone worked up, but no one ever goes back to check on their results. Though the reasoning behind the predictions often makes sense, they're almost always wrong.
 
2013-12-30 06:49:30 AM

Bolo Jungle: Allen262: Allen262: Dose any one have last year list?

Think I found it http://m.fark.com/comments/6322562/-10-iconic-brands-that-will-vanish - over-next-year-Nokia-is-there-so-is-Sears-Myspace-AW-Kelloggs-Corn-Pop s-NOOOOOOO

Interesting. That was two years ago - predicting for 2012 - and it was pretty much wrong then, too.  These lists are like corporate troll bait. It gets everyone worked up, but no one ever goes back to check on their results. Though the reasoning behind the predictions often makes sense, they're almost always wrong.


Or the one thing to throw the company over the edge just didn't happen.  It's kind of like the Mythbusters experiment with the Limo and the cliff.  It should only take one turkey to do it, but it turns out it takes fifty.
 
2013-12-30 07:10:42 AM

IlGreven: Triumph: Piizzadude: Sears will be missed

They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.

Oh, Kenmore and Craftsman will survive...as subsidiaries of Whirlpool and DeWalt, respectively.

/Whirlpool already makes Kenmore dishwashers in the Findlay plant...


Kenmore was traditionally contracted out to Whirlpool. Back in the 70s and 80s you could save some money by buying the same appliance off the same assembly line under the Kenmore name.
 
2013-12-30 07:15:56 AM
Weren't all these companies on these "not gonna survive another year" lists last year?
 
2013-12-30 07:17:42 AM

Dwight_Yeast: IlGreven: Triumph: Piizzadude: Sears will be missed

They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.

Oh, Kenmore and Craftsman will survive...as subsidiaries of Whirlpool and DeWalt, respectively.

/Whirlpool already makes Kenmore dishwashers in the Findlay plant...

Kenmore was traditionally contracted out to Whirlpool. Back in the 70s and 80s you could save some money by buying the same appliance off the same assembly line under the Kenmore name.


Well, that will make the impending sale of Kenmore to Whirlpool sensible.
 
2013-12-30 07:24:57 AM

Triumph: They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.


A lot of Sears stores in smaller-town (non-mall) America are just as you describe.  Hard lines only, and have been that way for years or decades even.  Those stores, too, are deader than a doornail 99% of the time.
 
2013-12-30 07:31:11 AM
Radio Shack is good for buying new technology like a wireless mouse or something that will be in stock and isn't too complicated, although if my local Shack is any indication, asking for items beyond that will earn you laughter and derision.

I know, fark me for asking for replacement LEDs or breadboards, at Radio Shack, right?  You'd think Kool-Aid busted through the wall and began reciting quantum theory.
 
2013-12-30 07:42:42 AM

mr_a: Actually, Sears has been on these lists for 10 years now....and they will probably outlast all of us. No idea why.


This.
 
2013-12-30 07:54:07 AM

Harry_Seldon: Bucky Katt: [fm.cnbc.com image 530x298]

Damn, time has not been kind to her.

Hard time in the Federal prison will do that to a person. She went in looking like this.


I don't know, I think it did her some good. Who is the chick next to her with the high hair though? She's not bad.
 
2013-12-30 07:57:33 AM

mr_a: Actually, Sears has been on these lists for 10 years now....and they will probably outlast all of us. No idea why.


Because in the future, everybody will purchase everything online, but women will still want a place where they can try on clothes.
 
2013-12-30 08:13:03 AM

Bucky Katt: Damn, time has not been kind to her.


She's 72. That's a pretty darned fine 72.
 
2013-12-30 08:14:05 AM
I didn't even know those companies were still in business. Haven't been to a Sears since the internet.
 
2013-12-30 08:24:22 AM

sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.


They have nearly free leases in many places.  A long time ago when malls were just starting to be popular, someone at Tandy convinced the land lords that women spent more at malls when their husbands were at the malls but not shopping with them.

They also had franchises buy the early strip malls and license a store back to the head company for long term returns which are now nothing.

There are also a few customers who think radio shack must be the place to buy electronics since they stock things like radio tubes so their staff must be smart.

Radio Shack in Australia was in about the same shape and was sold to Dick Smith who was bought by Safeway and then unloaded for about what you could buy Radio Shack US for today.  Their TV inventory was worth more than the purchase price and the new chain seems to be not going broke yet.

Radio Shack is sitting on a gold mine worth of contracts for the right buyer.  They might even have some patents or patent license deals left from their days of computer development.
 
2013-12-30 08:25:27 AM
Huh, not surpising the Job Creater fellators at CNBC ignore why Sears is going under:

In January, eight years after Lampert masterminded Kmart's $12 billion buyout of Sears in 2005, the board appointed him chief executive officer of the 120-year-old retailer. The company had gone through four CEOs since the merger, yet former executives say Lampert has long been running the show. Since the takeover, Sears Holdings' sales have dropped from $49.1 billion to $39.9 billion, and its stock has sunk 64 percent. Its cash recently fell to a 10-year low....Sears also faces a unique problem: Lampert. ....Lampert runs Sears like a hedge fund portfolio, with dozens of autonomous businesses competing for his attention and money. An outspoken advocate of free-market economics and fan of the novelist Ayn Rand, he created the model because he expected the invisible hand of the market to drive better results. If the company's leaders were told to act selfishly, he argued, they would run their divisions in a rational manner, boosting overall performance.  Instead, the divisions turned against each other-and Sears and Kmart, the overarching brands, suffered. Interviews with more than 40 former executives, many of whom sat at the highest levels of the company, paint a picture of a business that's ravaged by infighting as its divisions battle over fewer resources. (Many declined to go on the record for a variety of reasons, including fear of angering Lampert.) Shaunak Dave, a former executive who left in 2012 and is now at sports marketing agency Revolution, says the model created a "warring tribes" culture. "If you were in a different business unit, we were in two competing companies," he says. "Cooperation and collaboration aren't there."
 
2013-12-30 08:31:44 AM

sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.


Them and GNC.  Both seem to have stores everywhere that at best have one customer wandering through.
 
2013-12-30 08:36:02 AM

Piizzadude: Sears will be missed


I went to sears the other day because I was looking to buy some prescription sunglasses to use up what was left of my FSA funds for the year. I first went to Lens Crafters and Target Optical. Both were quite busy with it being so close to the end of the year and benefits running out. Lastly I decided to swing by Sears, I entered the store and it was depressing, the lighting was awful. I dont know if its intentional to save on the power bill or just aging out of date lighting. Add in the shelving from the 80's and the yellowing floor tiles it was really depressing. I texted a friend as I was trying to find the optical center how its just sad to see how far they are falling.

Also most of the signs pointing to where the departments are were missing, so you just aimlessly wandered the "racetrack" around the store. I finally found the optical center located behind the mens section in a unlit part of the store. The hearing center wasnt staffed and the photo center had been closed. Most of the signage was removed leaving fresh wall paper where the signs once were showing just how aged the fixtures were and the entrance was blocked with a combination of empty racks and boxes.

In the end i did buy the glasses from them mostly due to the fact that they were about $100 cheaper than the other places.

Honestly the current CEO needs to be fired. I have no idea how he got the role, but he is driving the chain even further into the ground.

http://www.forbes.com/sites/adamhartung/2013/07/18/learn-from-lamper ts -bias-so-you-do-better-than-sears/
 
2013-12-30 08:38:46 AM
So, Zynga's business model of giving games away for free isn't working?
 
2013-12-30 08:42:34 AM
I don't follow Sears too closely, but I would have thought Land's End and their auto centers would be some of their best assets (along with perhaps appliances and tools).

Maybe that's why they want to sell them?  Because they're worth something?
 
2013-12-30 08:49:47 AM
 
2013-12-30 08:50:42 AM

TuteTibiImperes: sammyk: Radioshack has to be a front for a criminal enterprise. I've been wondering how they stay in business for over a decade.

There was a time when Radio Shacks had walls filled with every imaginable cable, adapter, battery, splitter, converter, and every other electronic odd or end you might need.  When they had all of that, there was a reason to go, you could find what you needed to make whatever you needed to work work.

Now they seem to be trying to market themselves as some sort mini-Best Buy/cell phone store hybrid.  I don't need that, what I need is someplace I can buy a cheap micro-USB to full-size USB cable or 2 female to 1 male stereo-mini splitter without having to go online and wait for something to be shipped.


I remember when Radio shack used to be a must stop when I was an active ham.  Actually kinda miss those days.
 
2013-12-30 08:51:48 AM
ignitesma.s3.amazonaws.com

Number 11?
 
2013-12-30 09:10:17 AM

doyner: I can't believe they didn't make the list.


They're already dead in the US except for a few independently owned stores in Alaska.
 
2013-12-30 09:21:20 AM

yeegrek: Huh, not surpising the Job Creater fellators at CNBC ignore why Sears is going under:


It's so much worse if you know what's going on behind the scenes. Sears stores at every level have competitions between their departments for sales (especially add-on sales, warranties, etc), and base raises and bonuses on those sales. So power tools is competing against the photo studio, tires is competing against kids' clothes, etc. They've turned into a real-life Dilbert strip.

img.fark.net

Haven't stepped foot into a Sears since I learned that, and I even try to avoid K Mart because of their poisonous culture.
 
2013-12-30 09:32:01 AM

Lawnchair: Triumph: They would have succeeded if they had downsized to just tools, appliances and housewares. all the square footage devoted to clothing was a killer. They lost that battle to Kohl's years ago.

A lot of Sears stores in smaller-town (non-mall) America are just as you describe.  Hard lines only, and have been that way for years or decades even.  Those stores, too, are deader than a doornail 99% of the time.


I think many of those stores are Sears Hometown stores, which is now "separated" from Sears Holdings.  Link
 
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