Company Death Watch 2009
With the economy sliding further into the shitter and the recent announcements of Circuit City and Ritz Camera to name just a few, many companies are hanging on by a thread. In an industry once thought to be recession proof, many adult companies, regardless of what people say, are hurting.
Many more retail establishments will start to close their doors over the coming months. Some say that Blockbuster retail store fronts are going to be next. Seeing that Netflix has shown such a ridiculous upturn as people stay in more to avoid spending more money, I could possibly see that happening. Every time I drive by the one by my house, it's dead inside. I myself buy all my movies on Apple TV, to the tune of a hundred bucks a month or so. IPTV delivery systems are surely affecting them. Vudu, Apple TV etc. From what I read, they would close all store fronts and operate their online service like netflox exclusively.
What other companies do you feel are not going to weather the brunt of the economic storm that we're experiencing lately?
I'm gonna go with
Rite Aid
Blockbuster potentially
Chrysler (although not a storefront, they make cars people dont buy anymore)
Sirius satellite radio
Talbots
Cost Plus
Off the top of my head, those are the ones that I can see having some serious issues at the moment.
Anyone want to tackle this?
Who else? Retail, Corporate, Anything.
List em!
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