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Badmovies.org Forum  |  Movies  |  Press Releases and Film News  |  Businesses on the Brink: Change or Fail? « previous next »
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Author Topic: Businesses on the Brink: Change or Fail?  (Read 731 times)
Allhallowsday
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« on: April 06, 2010, 05:49:30 PM »

Businesses on the Brink: Change or Fail?
Many major companies like Circuit City and Linens 'n Things went bankrupt during the economic crisis of 2008-2009. These companies folded under high debt levels and a decline in sales. Just because some companies were able to survive the economic downturn of the past few years doesn't mean they are out of the woods yet. Companies like Blockbuster (NYSE: BBI) and Borders (NYSE: BGP) are going down with their industries, meaning that making drastic changes is their only option. Here are five major companies that are on the brink of bankruptcy...
Blockbuster
Rite Aid
Borders Group
Palm
YRC Worldwide 

http://finance.yahoo.com/career-work/article/109251/businesses-on-the-brink-change-or-fail??mod=career-leadership
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Mr. DS
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« Reply #1 on: April 06, 2010, 07:12:11 PM »

They just put a Blockbuster "blue box" at my local supermarket.  I rented from it a few times over the past few weeks mainly for stuff that is on wait on Netflix.  However, I sure as hell don't think that is whats going to save them.  I used their online rental service for a bit until I learned that Netflix offered hundreds of movies to stream as part of their plan. Three stores recently closed up shop over the past year in the area.  I can't see them last longer than a few years.

I actually get my prescriptions from Rite Aid although the pharmacists were bought with the store when they were Brooks.  What kills them is their lack of general merchandise within the store.  A person is less apt to buy some extra items there as say CVS or Walgreens.  Oddly theres two in my town within miles of each other...not sure why. 
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Jack
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« Reply #2 on: April 07, 2010, 07:18:26 AM »

The two Blockbusters in our town went out of business years ago.  One of them was right at the entrance to a busy supermarket - that one really surprised me.  I only went there a few times, they had a good selection of direct-to-video stuff on their back wall.  Very lousy selection of older movies though.  Kind of sad, I always thought of going to Blockbuster to rent something as a sort of tradition.  I'm afraid I wasn't of much help to them, when I found out I could buy used DVD's from the sellers on Amazon for about the same price as a rental from Blockbuster  Smile  I suppose Netflix drove the final nail in their coffin.  I think they got a little too big and that caused them to be fairly unresponsive to the desires of their customers. 
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« Reply #3 on: April 07, 2010, 01:38:56 PM »

Borders Group?  Are we talking about Borders Bookstore here?  If so, I wouldn't be surprised.  The Borders in my local area went out business in Januray.  Had a great book sale though.  60 precent off of books at the very end of it!  Got a great series out of it to read (Bamboo Blade).
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Joe the Destroyer
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« Reply #4 on: April 07, 2010, 06:44:28 PM »

Funny that Rite Aid is listed "on the brink of bankrupcy" when they're still opening stores. 
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BoyScoutKevin
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« Reply #5 on: April 11, 2010, 04:10:20 PM »

Borders Group is the only one listed at which I have shopped, but they are not the only bookstore to go out of business in my area.

B. Dalton
Bookstop
Cole's
a couple of independent bookstores

All where I use to shop, are all gone.

Barnes and Noble still has a couple of bookstores in my area, and I believe there is still a Waldenbooks at one of the malls, but that's it.

Though, I must admit, it's been along time since I've stepped into any bookstore.

(1) I've cut back on my reading, due much to the fact that the authors I use to like to read, are the ones that are being delisted from the publishers' catalogs.

 (2) Most supermarkets and drugstores have a small section featuring books and magazines, and if I want anything to read, I pick it up there, with my other items.

and (3) I've been making more use of my public library.
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