Top 20 Companies That Went BANKRUPT
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- Опубліковано 26 лип 2023
- These companies went the way of the dodo bird. For this list, we’ll be looking at the most prolific businesses and firms that have declared bankruptcy. Our countdown of companies that went bankrupt includes The Weinstein Company, DeLorean Motor Company, Marvel, Blockbuster, Enron, and more! What do you make of these companies and their stories? Let us know in the comments below!
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#WorstBusinesses
What do you make of these companies and their stories? Let us know in the comments below!
If your town still has a Mall, you'll usually see an empty Sears taking up an entire side.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
As a former Bed Bath & Beyond employee, I was so disappointed when I found it was going out of business. Thankfully my coworkers and I were able to get severance pay before our store closed. I don’t always miss working there, but I do miss my coworkers. They were really good people.
Bookstores going out of business is just sad in general. I don't care how many inventions come about there's nothing like walking around a massive bookstore/entertainment store and picking out actual books.
The demise of retail hurts my heart. Such a big part of society and bringing people together in one place. Also was fun to work retail, mostly. I miss the old days.
Companies filing for bankruptcy due to a variety of reasons, such as heightened competition from online retailers and discount stores, a decline in sales, and the impact of the COVID-19 pandemic. The company's strategy for recovery involves a restructuring plan that concentrates on its most profitable stores to enhance its financial standing. As for your financial objectives, it is admirable to aim for a portfolio worth no less than $850,000 before you reach the age of 65. If you're interested in potential investments, seeking guidance from a financial advisor could be beneficial.
I remember going to BlackBuster every weekend with my dad and renting the max amount of movies
I worked for Circuit City when they closed their doors. Our GM made the effort to ensure we landed somewhere, and I am grateful for that.
The sad thing is that when these companies go bankrupt, the workers suffer the most. The owners and stockholders either don’t lose or lose minimal money.
PG&E forest fires? Remember?
Sears was the one thing every child looked forward to to every christmas.. that Huge Christmas Catolag was the best way kids could make their Christmas lists for their parents every year. I miss it so much.
Grew up lookinging forward to Sears catalog. The Christmas edition was a breath of fresh air in the mid summer when it usually arrived. My mom and dad bought things from Sears that were not easily available locally … and on credit(no credit cards then.) paid monthly. I took a last walk through our local mall location to simply say goodby and thanks for memories.
-toys R us
Actually the collapse of Sears holdings is all on Eddie Lampert. He was CEO of Sears and became CEO of Kmart while they were in bankruptcy so had Sears buy a number of closing Kmart locations in crap areas for top dollar
As long the last Blockbuster still stands, there's hope!!! 😊😊😊😊
How ironic!...the movie "You Got Mail" is based on a big corporate book store putting mom and pop bookstores out of business. Now, Borders is the one out of business and Barnes and Nobles is barely hanging on.
And there’s also:
I found the failure of Sears to be ironic. Sears started as a mail order company and then branched out into brick and mortar stores. Then when internet came along an more people started buying online, they weren't able to pivot back into mail order.
My step dad worked for Enron - He knew something was up in 1998 he was told there was fraud being committed - when he came home one day he told us and he was actually really mad that the people conspiring to create fraudulent documents were putting thousands of peoples livelihood at risk.