these companies were not too big to fail
welcome to watchmojo.com and today we’ll
be counting down our picks for the top
ten brands that failed number 10
Lehman Brothers kicking off our list is
the largest bankruptcy in United States
history
both a casualty and a cause of the
subprime mortgage crisis this financial
services firm was a victim of its own
greed losses piled up stocks took a
nosedive but the government decided not
to pass the burden onto taxpayers I
never once considered that it was
appropriate to put taxpayer money on the
line with in resolving Lehman Brothers
Lehman Brothers was the biggest but
definitely not the only company to fail
during this recession number 9 Joseph
Schlitz Brewing Company Slick’s was the
beer that made Milwaukee famous and
during the early 20th century it was a
top beer in the US but they changed the
formula to save money and it was a
disaster go figure
after some devastating workers strikes
Slits was sold and faded from popularity
today the brand is owned by paps
who has recreated the original recipe
and is selling the scale juh in a bottle
number eight Atari Inc our Kate games
would never be the same after Atari and
pong Atari also had one of the most
popular consoles available but consumer
confidence plummeted thanks to a market
full of crappy games and Atari CT was at
the top of that list discovering the
best they honor a friend the ensuing
video game crash of 1983 claimed many
victims including Atari while the name
still exists today it is not the
powerful company of yesterday number 7
Circuit City at Circuit City we have
service you can depend on electronic
superstores followed their roadmap but
that wasn’t enough to keep Circuit City
afloat in convenient locations bad
customer service and not targeting
gamers were just some of their mistakes
however they were still the number two
electronics store in America when they
filed for bankruptcy in 2008 then
liquidated their assets and closed all
stores RadioShack is a similar company
whose stock prices imply is on a similar
path number 6 blockbuster technically
this brand hasn’t fallen off the face of
the earth yet but failing to adapt to
changing trends new services like
Netflix and escalating internet piracy
mean blockbuster is likely uh turing its
final death rattle here are the recent
headlines 2010 bankruptcy 2011 brought
five dishnetwork 2012 gave up competing
with Netflix the end of late fees did
nothing to stop the end of this company
the end of late fees the start of more
the new blockbuster number-5 Research In
Motion Rim targeted professionals with
their BlackBerry smartphone but once the
iPhone came to town CrackBerry was
decidedly less addictive by sticking
with what made them famous and not
focusing on games like Apple they sealed
their fate earnings dropped CEOs left
and things looked bleak but the booming
smartphone market means that by pursuing
emerging markets like South America and
Africa rim could have a bright future
after all
number four Oldsmobile olds was a
pioneer in many respects and one of the
oldest auto brands around when General
Motors shut it down in 2004 it was the
first of many brand deaths a GM Hummer
Pontiac and Saturn all met their ends
during the chapter 11 reorganization
ironically it was competition from other
GM brands that helped lead to the
downfall of Oldsmobile this is about
getting down to business
because the only chapter we’re focused
on is chapter 1
number three Kodak this company’s Kodak
moment is long over in its heyday Kodak
dominated the US film and camera markets
they practically invented the digital
camera too but waited too long to pursue
the technology because they worried it
would kill film sales in 2012 they filed
for bankruptcy sold off many divisions
and stopped making digital cameras
altogether Polaroid almost met the same
fate
but nostalgic hipsters kept it alive
number two Woolworths
everybody needs a woman store
the Woolworth brothers and their chain
of five and dime stores established the
sales merchandising and customer service
standards in practice today by the
company’s hundredth anniversary it was
the world’s biggest department store
chain but mounting pressure from
competitors like Walmart caused its
decline
Woolworths was officially declared
defunct in 1997 but it still exists
today under the name footlocker number
one Pan American World Airways taking
the top spot on our list is the world’s
most experienced airline innovations
unparalleled luxury and hot stewardesses
made Pan Am an industry leader and a
symbol of American pride however a
deadly terrorist bombing plus increasing
competition and fuel prices after the
Gulf War took their toll the company
folded in 1991 unfortunately we simply
did not have the financial strength to
absorb the enormous ly adverse impact of
these external events 20 years later
Pan Am inspired a nostalgic TV show
which also failed do you agree with our
list which of your favorite brands has
failed for more entertaining top 10s be
sure to subscribe to watchmojo.com
welcome to watchmojo.com and today we’ll
be counting down our picks for the top
ten brands that failed number 10
Lehman Brothers kicking off our list is
the largest bankruptcy in United States
history
both a casualty and a cause of the
subprime mortgage crisis this financial
services firm was a victim of its own
greed losses piled up stocks took a
nosedive but the government decided not
to pass the burden onto taxpayers I
never once considered that it was
appropriate to put taxpayer money on the
line with in resolving Lehman Brothers
Lehman Brothers was the biggest but
definitely not the only company to fail
during this recession number 9 Joseph
Schlitz Brewing Company Slick’s was the
beer that made Milwaukee famous and
during the early 20th century it was a
top beer in the US but they changed the
formula to save money and it was a
disaster go figure
after some devastating workers strikes
Slits was sold and faded from popularity
today the brand is owned by paps
who has recreated the original recipe
and is selling the scale juh in a bottle
number eight Atari Inc our Kate games
would never be the same after Atari and
pong Atari also had one of the most
popular consoles available but consumer
confidence plummeted thanks to a market
full of crappy games and Atari CT was at
the top of that list discovering the
best they honor a friend the ensuing
video game crash of 1983 claimed many
victims including Atari while the name
still exists today it is not the
powerful company of yesterday number 7
Circuit City at Circuit City we have
service you can depend on electronic
superstores followed their roadmap but
that wasn’t enough to keep Circuit City
afloat in convenient locations bad
customer service and not targeting
gamers were just some of their mistakes
however they were still the number two
electronics store in America when they
filed for bankruptcy in 2008 then
liquidated their assets and closed all
stores RadioShack is a similar company
whose stock prices imply is on a similar
path number 6 blockbuster technically
this brand hasn’t fallen off the face of
the earth yet but failing to adapt to
changing trends new services like
Netflix and escalating internet piracy
mean blockbuster is likely uh turing its
final death rattle here are the recent
headlines 2010 bankruptcy 2011 brought
five dishnetwork 2012 gave up competing
with Netflix the end of late fees did
nothing to stop the end of this company
the end of late fees the start of more
the new blockbuster number-5 Research In
Motion Rim targeted professionals with
their BlackBerry smartphone but once the
iPhone came to town CrackBerry was
decidedly less addictive by sticking
with what made them famous and not
focusing on games like Apple they sealed
their fate earnings dropped CEOs left
and things looked bleak but the booming
smartphone market means that by pursuing
emerging markets like South America and
Africa rim could have a bright future
after all
number four Oldsmobile olds was a
pioneer in many respects and one of the
oldest auto brands around when General
Motors shut it down in 2004 it was the
first of many brand deaths a GM Hummer
Pontiac and Saturn all met their ends
during the chapter 11 reorganization
ironically it was competition from other
GM brands that helped lead to the
downfall of Oldsmobile this is about
getting down to business
because the only chapter we’re focused
on is chapter 1
number three Kodak this company’s Kodak
moment is long over in its heyday Kodak
dominated the US film and camera markets
they practically invented the digital
camera too but waited too long to pursue
the technology because they worried it
would kill film sales in 2012 they filed
for bankruptcy sold off many divisions
and stopped making digital cameras
altogether Polaroid almost met the same
fate
but nostalgic hipsters kept it alive
number two Woolworths
everybody needs a woman store
the Woolworth brothers and their chain
of five and dime stores established the
sales merchandising and customer service
standards in practice today by the
company’s hundredth anniversary it was
the world’s biggest department store
chain but mounting pressure from
competitors like Walmart caused its
decline
Woolworths was officially declared
defunct in 1997 but it still exists
today under the name footlocker number
one Pan American World Airways taking
the top spot on our list is the world’s
most experienced airline innovations
unparalleled luxury and hot stewardesses
made Pan Am an industry leader and a
symbol of American pride however a
deadly terrorist bombing plus increasing
competition and fuel prices after the
Gulf War took their toll the company
folded in 1991 unfortunately we simply
did not have the financial strength to
absorb the enormous ly adverse impact of
these external events 20 years later
Pan Am inspired a nostalgic TV show
which also failed do you agree with our
list which of your favorite brands has
failed for more entertaining top 10s be
sure to subscribe to watchmojo.com
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