Five Enormous Companies Going out of Business Next Year in America

With the economy on the way up, why are these large companies going out of business?

Most Americans have the mantra to never give up, but there are times when you have to let it go. These are companies who have discovered their time has come.
Most Americans have the mantra to never give up, but there are times when you have to let it go. These are companies who have discovered their time has come. | Source
Money is a concern for any company. Lack of it is the reason they go out of business.
Money is a concern for any company. Lack of it is the reason they go out of business.

Money makes the world go round.

The economics of supply and demand work all around the nation in large and small businesses alike. The demand must be there for success if you have the supply.
The economics of supply and demand work all around the nation in large and small businesses alike. The demand must be there for success if you have the supply.

How many jobs are lost when companies close their doors?

The economy is on the mend and is on the way up according to the experts. Though, the average American citizen is still searching for any positive sign of this phenomenal accomplishment. This being said there are still tons of business entities that simply cannot weather the storm. They have put their best foot forward and are calling it quits next year. Which ones will no longer be with us and why are listed in this article.

The five American companies on the list are surprisingly business entities you would imagine sliding down hill to the point of closing their doors. These are companies that surprise you and leave you in awe with their negative decision.

  1. Pet Airways

    This company launched into the world in 2009. They have been around for five years or the blink of an eye in corporate age. The great idea to move animals around the world via air travel simply did not go as planned.

    Market research is typically performed with any large corporation, especially one this large. The research must have been flawed when it determined the amount of pet owners willing to pay for a plane ticket for their pets. The website is gone along with the flights.

  2. Fresh and Easy

    This was a grocer which simply did not fit in to the industry from the beginning. They missed in their aim to become a sort of store between a 7-Eleven and Safeway. Popping up across the western states in their early stages, they never moved additional stores out across the rest of the nation. If our countrymen in the west did not know when to shop at Fresh and Easy the rest of the nation would not know either. They actually saved in not expanding to more states.

    This is an English owned chain and accounts for some of the off key connections not made with American shoppers. They are selling stores off to the Yucaipa Company to try and recover some monies from the disaster.

  3. Blockbuster Video

    The video chain is everywhere. Formerly known as Blockbuster Entertainment, the video rental chain was very popular for a number of years. Technology outpaced them and the online electronic version of the same merchandise killed the business. Brick and mortar stores are a thing of the past when you have the convenience of the same merchandise at home.

    They did branch out to try and recover. With their mail order, kiosk and arenas for media delivery found online it simply was not enough to recover financially. There are tons of adults that remember "cruising" the aisles of the video store looking for the next great New Release to rent. Goodbye Blockbuster and thanks for a great run.

    Any fans looking for a great older DVD to buy is able to buy used merchandise as they reduce their inventory. They are selling everything on the shelf at a very reduced price.

  4. Current TV

    Al Gore contributed to the recovery process for Current TV. The TV channel was on the air for less than 10 years and simply never lived up to the hype. Core audience is needed for any channel to become successful. Even Oprah has a core audience to keep her afloat. Most people never even heard of Current TV.

    The focus of the channel was on the millennial generation which was an error on their part. Unbelievably Al Jazeera America bought it out this year at a great price.

  5. Tie Rack

The first question is “are ties that popular”. Of course your dad gets one each year for Father’s Day, but is this enough to keep a large corporation going? Initially created in the 80s more men in point of fact wore more ties. Even though they wore them to work more than anything else, the business did boom.

In the 90s the business attire drifted away from men wearing ties. Tie Rack initially had 450 stores worldwide. In less than one year they will have zero worldwide and nothing but empty buildings where hundreds of ties once stood.

In conclusion

Supply and demand are actually working in the world of economics. Without the demand and an abundance of supply, doors will close. Fortunes were lost and 2013 was an unlucky year for tons of businessmen in the marketplace. The hope is 2014 will be luckier than the previous year for lots of businesses.

Running a large business is a daunting task.

Running a business is not an easy task. Usually a company will exhaust all options before closing the doors.
Running a business is not an easy task. Usually a company will exhaust all options before closing the doors. | Source

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