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Which Brands Will Go BYE BYE in 2009...
Howard Lindzon
January 02, 2009
The year 2008 saw many brands disappear :
RETAILERS
* Mervyns filed for bankruptcy protection in July and began liquidation sales at remaining stores.
* Linens ‘n Things filed for bankruptcy protection in May. It announced liquidation sales at its stores in October.
* Steve & Barry’s filed for bankruptcy protection in July, then later said it would liquidate.
* KB Toys filed for bankruptcy protection before Christmas and has begun to liquidate its stores.
* The Bombay Co. declared bankruptcy in September 2007 and shut its stores by last January.
* Sharper Image Corp. filed for bankruptcy protection in February and closed all its stores.
* Woolworths Group in Britain put its nearly century-old retail business into administration.
BANKS OR INVESTMENT FIRMS
* Bear Stearns Cos. was bought by JPMorgan Chase & Co. in March in a deal orchestrated by the government.
* Lehman Bros. Holdings Inc. reported a $4-billion loss, then declared bankruptcy in September, the largest ever in the United States.
AIRLINES
* ATA Airlines filed for bankruptcy April 2 and ceased operations the next day.
* Aloha Airlines shut down passenger service in March, shortly after filing for bankruptcy.
* Skybus Airlines filed for bankruptcy protection in April.
I would love to see ‘TRUMP’ disapear from the world and have his buildings just say ‘Anything BUT Trump’ (miniscule letters on Trump). I have been negative on SIRIUS and it’s basically bankrupt but that is a business that could possible be reorganized and has some value.
I would also think we will lose a homebuilder, a big semi-conductor business and as usual – 1 or 2 airlines.
The big surprise if things stay bad could be a big Telecom and or handset company.
What say you…
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