ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

5 companies that used to be great

Updated on June 26, 2011

Former great companies now on the decline

I am always amazed at how fast technology has changed over the years and how some businesses keep up and of course how some do not. Well this is about some big name companies that used to be shining stars however they are quickly becoming obsolete. Some of these transformations are years in the making while others fall fast and hard.

Blockbuster and the Movie Rental Business

I can remember going to Blockbuster 15 to 20 years ago to rent a DVD and take home to watch over the weekend. It was great to go because you would usually get some treats and pick out the latest release to watch with some friends for about $5 or $6 bucks. Despite this being a weekend ritual for myself it was incredibly inconvenient because of course you had to physically return the movie and you were always worried about getting late fees. Despite the inconvenience I would still frequent stores like Blockbuster to get my movie entertainment.

Of course things started to change, you could start getting movies on demand through your cable, buying movies on DVD became cheaper and of course the internet. The Internet was the biggest game changer because of the amount of information available. People started to download movies, companies like Netflix and the monthly subscription and unlimited viewing of movies brought down the once mighty Blockbuster. My monthly subscription of Netflix at $8 would only rent me about 2 movies from Blockbuster 15 years ago. This is the reason why the company is bankrupt.

Blockbuster Stock Chart

Source

Eastman Kodak

Well the film business is not what it used to be, in fact it almost non existent. Kodak is yet another victim of the digital age, the company is struggling just to compete, despite an attempt to modernize it's products and business. Gone are the days when you took your expensive film into the 1 hour photofinishing kiosk. Now you don't have to bother with expensive film and your results are instant thanks to digital technology. Eastman Kodak has moved into the digital space however they were a bit late in the game. They were once a mainstay in the camera business now they are struggling to keep up with intense competition. The once great company that used to be on the DOW Jones Industrials is now just a shadow of its former self.

Kodak Film

Nokia Corporation

Nokia used to be the biggest seller of cell phones and their product was really good. Well the product used to be good 10 years ago, however intense competition from Research in Motion and Apple of course have chipped away at sales of Nokia phones. Nokia still makes a good product however the competition makes a great and exciting product which leaves some room for improvement for the company. The company has been on the decline for a while their stock price is the same as it was in 1998 the only good thing about Nokia is the dividend in terms of an investment. The company still makes money and employs about 130,000 people just not sure how long this will last unless the company revamps the product line.

Nokia Phones

Yahoo

Yahoo was at one time dominant in search and was a premier company, however they had one big problem to contend with "Google". Google of course just did things better, they did search better and were much more innovative with their services. Yahoo recently had a chance to compete with Google and that was when Microsoft wanted to merge with them by offering around $30 per shares. The CEO and founder at the time Jerry Yang did not want to merge with Microsoft and the deal fell apart. Well Yahoo stock is around $15, Microsoft has their own search with Bing and Google is still eating Yahoo's lunch. They should have taken the Microsoft deal the shareholders and the company would have been better off.

Yahoo

Sears Holdings Corporation

Sears was a great company when department stores were relevant, now days no one wants to go to a department store to purchase appliances and clothing. They can probably get a better deal elsewhere like at Walmart or Target, Costco, Home Depot etc. Big box stores like Walmart have put a great deal of pressure on stores like Sears. The business model no longer works and traffic and sales at their stores are on the decline. It is not too late for Sears however they will need to change with the times in order to keep up with the competition.

Sears stores

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)