A new year usually signals a new start. But 2014 may be the end of well known businesses.
Here are the list f five household names that won’t last this year:
1.) Mitsubishi Motor
Japanese company just sold 50,000 cars in 2013 in the first ten months in 2013, which was the lowest ever since 2011 when the y sold 80,000. With these stats I think they would have a hard time to compete against other brands.
2.) Barnes & Nobles:
This year holidays sales put another nail in the coffin for the book seller tablets.
This year’s holiday sales tallies haven’t brought any cheer to this story. The company says that Nook sales plummeted by 60 percent for the 2013 holiday season compared to the previous year. In addition, Barnes & Noble claimed that its share of the e-book market has declined to 20 percent.
The list of reasons for the Nook’s continued struggles are legion. It faces unyielding competition from Apple’s iPads as well as Amazon’s Kindles (not to mention Amazon’s abilityto sell its e-books generally for less than B&N on those Kindles). Throw in all of the other Android tablets and the ever-increasing range of Windows slates, and the Nook has a hard time standing out.
3.) Living Social:
Percent off sales company living social may say fair well after a plunge on retail sales and according to Washington Post, CEO Tim Oschaughnessy is stepping down.
“He was feeling that he had exhausted his well of capabilities to take this from a large company to a very large company, and had the personal sense to know when to ask to pass it on to new leadership,” said Tige Savage, a LivingSocial board member and investor with Revolution, a venture capital firm led in part by former AOL chairman Steve Case. O’Shaughnessy will continue to own a sizeable stake in LivingSocial.
4.) Olympic Cameras:
Olympic camera are doing well, but for this year they have to be great as they compete against tech company Samsung.
Sorry ladies but this year if the organization doesn’t generate a fan base then they will suffer this year.
But most WNBA teams — even the Lynx — still have trouble attracting fans like Sylte. Ticket giveaways are common, and average league attendance this year was below 8,000. Still, there are a few positive signs. The WNBA is reporting its best TV ratings in six years, and it just signed a reported eight-figure sponsorship deal with Boost Mobile. The cellphone carrier’s logo appears on most WNBA uniforms — something rare outside NASCAR.
Lynx Chief Operating Officer Conrad Smith says this shows the league may be turning a corner. And while the team doesn’t make its finances public, he says the Lynx could turn a profit this year for the first time in nearly a decade.
“The first couple of years we were profitable, but then we got away from it,” Smith says. “But this year — and obviously the playoffs and how that all shakes out — we’ll know at the very end how we did, which is great news for the league and our ownership group.”
This is the year for all five well known companies to prove to everyone that they can still keep a prosper business going.