Beginning in 2008 and continuing in 2009, many stores are 'Going Out Of Business'
And after that axe falls, which companies will re-emerge? The Sharper Image is back as a brand name. Circuit City is back in business. Linens 'N Things was back as quicker than they went..
This guy won't be 'Going Out Of Business Anymore'
TX Businessman Cyrus Hassankola Forced to rename his store.
How's this for enterprising? The name of this store was 'Going Out Of Business', until the Texas Attorney General decided that the name was deceptive. Read all about it at the Walletpop blog. Other potentially deceptive marketing ploys:- The Japanese town named 'Usa' selling products labeled "Made in Usa".
- Tshirts manufactured by a company called "Made in the USA".
Top 10 Stores Predicted to go bust - September 2009
Taken from the front page of Yahoo.com
- Hertz
- Textron
- Sprint / Nextel
- Macys
- Mylan
- Goodyear
- CBS
- Advanced Micro Devices
- Las Vegas Sands
- Inter Public Group
Their information was taken from The Business Insider (September 18, 2009) and is based upon market cap to enterprise value ratios.
Market Cap
AKA Market Capitalization
Find out what Market Cap or Market Capitalization has to say about the valuation of a company and how relevant this might be to predicting bankruptcy.
Market capitalization/capitalisation (often market cap) is a measurement of the size of a business enterprise (corporation) equal to the share price times the number of shares outstanding of a public company. As owning stock represents ownership of the company, including all its equity, capitalization could represent the public opinion of a company's net worth and is a determining factor in stock valuation. Likewise, the capitalization of stock markets or economic regions may be compared to other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007Global stock values top $50 trln: industry data (Reuters) and rose as high as US$57.5 trillion in May 2008WFE Report Generator including report for Domestic Market Capitalization 2008 (World Federation of Exchanges) before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008.
Enterprise Value
Firm Value (FV), Enterprise Value (EV) or Total Enterprise Value (TEV)
A slightly technical overview of how enterprise value is used in accounting, business valuation, financial modeling and portfolio analysis.
Enterprise value (EV), Total enterprise value (TEV), or Firm value (FV) is an economic measure reflecting the market value of the whole business. It is a sum of claims of all the security-holders: debtholders, preferred shareholders, minority shareholders, common equity holders, and others. Enterprise value is one of the fundamental metrics used in business valuation, financial modeling, accounting, portfolio analysis, etc.
Recently Announced Closures
Smith & Hawken - announced 7/15/09
Marabo Clothing - announced August, 2009
tr.im - announced August, 2009
Buell Motorcycle Co. - October 2009
Sad Goodbyes To Fond Memories
Don't go!!!
Sometimes a company going out of busines can be a little heartbreaking. Particularly when its one that is tied to childhood memories. The weekend of September 26, 2009, choked me up a little as landmark Chicago Family Amusement Park Kiddieland shut its doors.-
Kiddieland - Melrose Park, IL
-
I took this photo at the Kiddieland amusement park in Melrose Park, Illinois. It was sunset on our family's last visit to the final season of the 81-year-old family amusement park. The colors on the horizon looked so perfect next to the neon lights o...
Companies In Trouble
- Crocs
- Macys
- Nextel/Sprint
- Goodyear
- Hertz
- CBS
- Las Vegas Sands
Crocs
Why did they go under?
Relaunched Companies
They went bust, liquidated, and now they're back..
- Circuit City
- CompUSA
- Linens 'N Things
- The Sharper Image
Going Out Of Business Ads From Years Past
Linens 'N Things, Mervyns, Gottschalks, Circuit City
Whats On This Lens
Navigate to the parts of interest for you
- This guy won't be 'Going Out Of Business Anymore'
- Top 10 Stores Predicted to go bust - September 2009
- Market Cap
- Enterprise Value
- Recently Announced Closures
- Sad Goodbyes To Fond Memories
- Companies In Trouble
- Crocs
- Relaunched Companies
- Going Out Of Business Ads From Years Past
- Are you working for a company that's in trouble?
- What Makes Or Breaks A Company?
- What does bankruptcy mean?
- Updates
- Store Closures
- Specific Stores
- Reader Feedback
What Brings You Here?
Lots of people could be interested in why a company fails.
Maybe you're looking for liquidation sales, on the trail for hot bargains. Or - you heard a rumor about a favorite store of yours, a business competitor, a place that ripped you off previously and you'd love to see hit the wall: your motive is curiousity. You might be an investor, either a lender or a shareholder and are looking for keys to a company's (or the consumer or supplier of another company's inventory) financial well-being. I'd be interested to see what brought you to this page.
Are you working for a company that's in trouble?
Have they even announced bankruptcy?
Maybe you've come to this lens because you've heard rumors about your current employer going bust. You're wondering whether or not you should start looking for a new job. Whether or not your employer is in trouble, you should always be keeping your resume and social networking up-to-date. You never know what tomorrow will bring and its best to be prepared. Also, while researching the opportunities available to you with your current skills and identifying what skills you need to update in order to stay competitive in the job market you may find a better-paying position (who doesn't want that?)! Consult the following other lenses at Squidoo to get some tips on writing a resume that gets noticed for the right reasons, social networking to keep you in work and how to effectively keep an eye on the job market.-
Get Your Dream Job: Interview, Job Hunting, and Careers Advice
-
Welcome. I'm Dr Rob Yeung. And you're in the right place if you want careers and job hunting advice - based on my experience of training interviewers, interviewing on behalf of top organisations, and building assessment centres for organi...
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Winning Interviews
-
Before going to any interview, you obviously need to be sure that you are in the right career or that you know why you should be in this new career. If you are embarking on a career change you need to know what transferable skills you have and what p...
-
Job Hunting 101
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We all know job hunting is time consuming and can be a lot of work! As a veteran job hunter, I've gathered information on job hunting, resumes, job sites, interviewing, salary negotations, salary surveys and other useful tidbits to help make your job...
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WAY Effective Resume Writing Checklist
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Effective resume writing begins (and ends) with a review of how you want to be seen by your prospective employer when he or she first sees your resume. In this lens I will outline a few important questions to ask yourself when you review your resume...
What Makes Or Breaks A Company?
"The Church of The Customer"
Check out Ben McConnell's latest blog entries about Word-Of-Mouth and customer loyalty: two highly relevant topics for the success of a business. Mr. McConnell researches, writes and consults about the effects of one on the other. Forbes Magazine has praised his work as "the word of mouth gospel."
What does bankruptcy mean?
Chapter 7 and Chapter 11 are the relevant bankruptcies for businesses in the USA
Read all about the history of bankruptcy, back to the origin of the term and bankruptcies in ancient Greece and onwards throughout history. Detailed listings appear covering bankruptcy law worldwide and many reference sites are listed.
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
Books on Amazon Related To Business Closures
From a variety of points of view
Corporate Financial Distress and Bankruptcy: Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt , 3rd Edition
Amazon Price: $65.10 (as of 11/26/2009) 
Chapter 11 Business Reorganizations: For Business Leaders, Accountants And Lawyers
Amazon Price: $39.95 (as of 11/26/2009)
Out of Business: Force a Company, Business or Store to Close Its Doors…For Good!
Amazon Price: (as of 11/26/2009)
The Ten Commandments for Business Failure
Amazon Price: $9.98 (as of 11/26/2009)
A Failure of Capitalism: The Crisis of '08 and the Descent into Depression
Amazon Price: $16.29 (as of 11/26/2009)
Updates
The Latest News Online
Twitter For News
Quickly Becoming A Viral Hotspot For Current Events
-
- AuronGlace
- Well, my place is going out of business, so it's time to hunt for a new job. This economy really sucks.
-
- Kayestorm
- my aunt just made my heart sink she said she heard MAC was going out of business @remadee @mzfloetry
-
- Mother_Tongue
- @kaisermommy btw? We're hitting a yarn store in G'town that's going out of business & liquidating their stock. Going around 11. Wanna?
-
- Shaylin_Ace
- I'm going to write it all out tonight and send it over to my business partners, we have alot of planning ahead to do
-
- HoustonYardSale
- Houston Going Out of Business Garage Sale (Clear Lake- Meadowgreen) $1 http://bit.ly/7diki9
-
- ccfcfan
- @Brodyswain agree about Joe Eliott, the man who saved my club (CCFC) from going out of business, what is he doing on Sat on programme mate?
-
-
- UKinCanada
- Low-carbon, high potential - check out this great video on how UK Business is taking advantage of going green - http://bit.ly/6HL3ht
-
- RickyRaw
- im going to start a site called worthlessnonsence.com and put twitter out of business.
-
- TomPease
- If a business owner and need a book to guide you in trying times read "Going Out of Business By Design--Why 70% of Businesses Fail."
-
- jks724
- You would think Old Navy was going out of business with the way people are shopping today! Happy Thanksgiving :)
-
-
- jovanevery
- @markking1974 holy crap. and if the big guys are going out of business...
-
- mashinka1976
- wondering if @llordllama had Borders in his pool for shops going out of business......
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- pauldearing
- Amazon's Black Friday sale is insane... $7.99 Blu-rays and $2.00 DVDs? They're going to go out of business!
-
- MSMDcb
- @TheCDReport I actually just order some 50% off prefolds from someone going out of business :D
-
- chexgod
- So if Macy's is going out of business soon, who will run our Thanksgiving Day Parades?
-
- MayDayNetwork
- New film launched in time for #cop15 for #SMEs highlighting the business benefits of going low carbon. Check it out www.maydaynetwork.com
-
- Axelkkqz
- A List of Companies Going out of Business: A List that You Don't ... http://cli.gs/4R0Nj
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- management_blog
- RT @UpbeatNow: "When you lose $3.8bn dollars, you don't have a business model, you have a going out of business model" Jay Leno on USPS
The Latest News From CNN
The big guys get their bankruptcies covered here.
Not only that, but you can gauge the public mood and make a pretty educated guess on the subsequent economic repercussions. Here's the latest from CNN.
- State dinner crashers named in 16 lawsuits, records show
- Tareq and Michaele Salahi may have been unknown to invited guests at Tuesday's state dinner, but the...
- NBA star pays for slain girl's funeral
- NBA star Shaquille O'Neal paid for the funeral of a 5-year-old North Carolina girl whose body was fo...
- Norway: Iran seized Nobel Peace Prize
- Iranian authorities confiscated the 2003 Nobel Peace Prize given to human rights activist Shirin Eba...
Hot Off The Press Of The New York Times
Get a rounded outlook on today's news.
As well as keeping up with CNN, make sure you're on top of the headlines from the New York Times as well. Here's the latest word from their reporters.
- Stalemate in Legislature Has New York Near Its Last Dollar
- With no end in sight to a dispute over a budget deficit, the state could have as little as $36 milli...
- Taliban Reopen Northern Front in Afghanistan
- Over two years, militant forces have had a resurgence in Kunduz Province, where they threaten a NATO...
- U.N. Nuclear Agency Calls Iran Inquiry ‘Dead End’
- The director of the U.N. nuclear watchdog said it had been ?over a year? since Iran had answered...
The Washington Post
Additional News Coverage
Here are the major news highlights off the Washington Post.
- Not their first brush with celebrity
- THE RELIABLE SOURCE | Facebook photo shows couple who crashed White House state dinner also were see...
- China proposes emissions cuts
- Planned reduction of up to 45% falls short of target many world leaders hoped Beijing would make.
The Business Section
News related specifically to Business & Finances
Store Closures
Who's Going Out Of Business?
Check Your Gift Cards
When a store declares bankruptcy, there's a good chance it will stop honoring gift cards. Check your wallet and redeem any gift cards you're holding when you even start to get news of an upcoming business closure!
Socially Bookmarked Pages
Found on delicious.com
Here is what the tag "out of business" brings for the top 5 results on delicious.com.
Sorry, we couldn't connect to the Del.icio.us. Please try again later.Who's Blogging About Store Closures
Dynamic Content
- Covington pharmacist ends forty years of communtiy service
- Shortly after opening in 1969, a recession gripped the Puget Sound region and Ramseth was told by a distributor ?you guys are going out of business. ...
- Music store at Mt. Shasta Mall will close
- ... fye music and video store in the Mt. Shasta Mall in Redding after the holiday shopping season, one of 125 fye stores nationwide going out of business. ...
- "Going-out-of-business" sale at Aldrich Baby News
- Aldrich Baby News, a store at 5665 E. Speedway that sells a variety of products for young children, has signs advertising a going-out-of-business sale. ...
Tweets About Business Failure
Who's tweeting about stores going out of business?
-
- AuronGlace
- Well, my place is going out of business, so it's time to hunt for a new job. This economy really sucks.
-
- Kayestorm
- my aunt just made my heart sink she said she heard MAC was going out of business @remadee @mzfloetry
-
- Mother_Tongue
- @kaisermommy btw? We're hitting a yarn store in G'town that's going out of business & liquidating their stock. Going around 11. Wanna?
-
- HoustonYardSale
- Houston Going Out of Business Garage Sale (Clear Lake- Meadowgreen) $1 http://bit.ly/7diki9
-
- ccfcfan
- @Brodyswain agree about Joe Eliott, the man who saved my club (CCFC) from going out of business, what is he doing on Sat on programme mate?
Specific Stores
Coverage on individual stores rumored to be going out of business.
Major Business Failures
From the 1300s to the present day
Starting with Compagnia dei Bardi (the Bardi Family's Florentine Banking & Trading Company) going bankrupt back in 1344 and up through 2009, this wikipedia article lists major worldwide business failures by year, providing links to the relevant wikipedia page for each entity. An extensive listing of references is provided and many details document the legal status of each company.
This list of business failures collects significant companies who met eventual demise of their well known brand. The causes include criminal proceedings, simple insolvency and are notable for their financial impact in the economy.
Circuit City Closure
They made an exit post-haste!
Not even half-way through 2009, Circuit City is back in business. That closure didn't last long!
What else is being said about Circuit City?
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- tired_andy
- So thankful that I don't have to work black friday, last year I worked the 5am shift at circuit city with @asantereliford!
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- EvilOvenMitt
- Damn circuit city? Is he a Nazi?
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- dysbo
- @Scott_Krinsky haha you know what's funny, is that was for real the code word for corporate visits when i worked at circuit city.
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- Kcross39
- My cheap jew dad who doesn't listen to me just bought a tv from circuit city online
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- _viju
- @arvindia4u Was there at 1 am outside Circuit City in '05. Hated it! #cold. Left at 1:15am. Unless u know what u want to get, it's useless!
Linens N Things Going Out Of Business
A long goodbye..
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- DealsAhoyOnline
- Pow! Linens-n-Things: Hot Deals + 20% Off 1 Item Online + Free Shipping Over $49 + $5 Off $15 In-Store: CouponExp:... http://bit.ly/72cQMe
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- buxr
- Linens-n-Things: Hot Deals + 20% Off 1 Item Online + Free Shipping Over $49 + $5 Off $15 In-Store #coupons http://buxr.com/d/38781
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- nicoleupton
- iShop: Linens N Things iShop coupon code and holiday sale http://ow.ly/G142
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- Linens_N_Things
- Black Friday preview. Save 20%* on one item and get Free Shipping on orders over $49. The new Linens 'n Things is online at www.LNT.com.
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- mallrighthere
- Linens \'N Things:Stratton Square Grommet Panel by Elrene Home Fashions. Save up to 23%! Shop LNT.com now..http://www.tmrhg.com/s/v/yPANMXht
-
- mallrighthere
- Linens \'N Things:Z-Hanger by Z-Hanger Company. Shop LNT.com now!.http://www.tmrhg.com/s/v/dJR8zU7s
-
- mallrighthere
- Linens \'N Things:Hyperian Bed in a Bag by BCP Home Inc. Save up to 38%! Shop LNT.com now..http://www.tmrhg.com/s/v/sLD5GrkU
-
- mallrighthere
- Linens \'N Things:Free shipping on orders over $49. Shop LNT.com now!.http://www.tmrhg.com/s/v/KyWdYteM
-
- mallrighthere
- Linens \'N Things:Sugar Drop Bed in a Bag by TextStyle Home Fashion. Save up to 38! Shop LNT.com now..http://www.tmrhg.com/s/v/rn81yxWQ
-
- mallrighthere
- Linens \'N Things:Double Bench and Flower Box Combo by Vifah. Shop LNT.com now!.http://www.tmrhg.com/s/v/EDepouyx
-
- mallrighthere
- Linens \'N Things:Paisley Complete Bedroom Ensemble $89.99 by Pointe Haven. Save up to 71%! Shop LNT.com!.http://www.tmrhg.com/s/v/NtSB6vls
-
- mallrighthere
- Linens \'N Things:Warm up with Down Bedding at LNT.com! Up to 50% off!.http://www.tmrhg.com/s/v/NwXsXsag
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- mallrighthere
- Linens \'N Things:Carie Lace Tablecloth by Lichtenberg and Co. Save up to 29%! Shop LNT.com now..http://www.tmrhg.com/s/v/OY2LRqIy
-
- OnlineDeals4u
- LINENS-N-THINGS Black Friday 2009 Ads, Flyers, Deals, Coupons, Rumors and Cyber Monday 2009 Deals http://bit.ly/7OyK1y
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- couponyeah3
- Linens n Things Coupon Codes:429G10 http://bit.ly/3D0Bmh -Save 10% off a single item. Use 429G10 at checkout....certain brands may b...
-
- FindSavings
- Linens n Things - Free shipping on orders over $49. http://tinyurl.com/69uhaz
-
- couponSeven
- Linens 'n Things: 20% OFF one item http://cpn7.com/246441
-
- CouponShare
- Linens 'n Things: 20% OFF one item http://cpns.me/246441
-
- couponSeven
- Linens 'n Things: 20% OFF one item http://bit.ly/5tAKfx
-
- CouponShare
- Linens 'n Things: Up to 38% OFF hyperian Bed in a Bag by BCP home inc http://cpns.me/246437
Zales (the diamond store) Soon To Be No More.
We've heard about it - what's going on?
Just weeks ago however (June, 2009), my husband mentioned that Zales was going out of business soon. This was apparently based on some stock trading advice he'd heard: he visits financial forums on a daily basis.
I'm still not sure whether or not Zales is going under. Keep your ears open for the tweets.
-
- eblackfriday
- Zales Black Friday , Cyber Monday Online Specials http://bit.ly/5UCMmp
-
- tyturnbull
- Have you ever seen a Zales ad that didn't make you want to smash your TV? Me neither.
-
- LizStrasbaugh
- @csmyers88 i have to work but not til 10 at Zales but so far everyone is being lameasses and wont go out tonight :(
-
- sburns44
- Happy Thanksgiving, work 12-8 at Zales. I need a more social job than data entry. I'll be okay though.
-
- donniegs
- Lovin BigCrumbs for unbelievable deals and cash back at top stores like Sears, Wal-Mart, Zales, Kohl's http://home.bigcrumbs.com/donniegsops
Office Depot Going Out Of Business
Will They Be Cleaning Out Their Cubicle Too?
I'd read articles that the chain as a whole was going to be going out of business. My local Office Depot started running a liquidation sale. I was sure this one was true.
I received a solicitation phone call from Office Depot the other day (March 2009). While letting them know I wasn't in the market for any office supplies at the moment, I asked them if they were going out of business. They responded that my local store may be going out of business, but that as a nationwide chain of stores, OFFICE DEPOT IS NOT GOING OUT OF BUSINESS!
-
- arantxajb
- @wonkanerdXD pues la inventaree! para que nevid piense quee es sal y se confunda muahaha! 00_ FRACASADO! cmo los niñitos de office depot
-
- easytonershop
- Brother DR-350 Drum Cartridge just $119.99 at Office Depot. http://bit.ly/8KkcEY
-
-
- FreeListSeattle
- Free Corner Computer Desk (Green Lake): Free Office Depot desk in good shape. Laminate over particle board. Mis.. http://bit.ly/5t0Oyy
-
- IMPinoy23
- Hmmm...I wonder where to go for Black Friday...Best Buy? Walmart? Target? Sears? Office Depot? Still Pending.....
Reader Feedback
Your thoughts and predictions.
Who Do You Think Will Hit The Wall Next
Make your prediction on the next business failure.
It can just be a gut feeling you have. Or maybe you've heard rumors. Do you follow a company closely and are troubled by its profits or debts? Predict what will be the next big retailer to go under.
Reader predictions:
Fetching predictions now... please stand by
LauraSchofield, at 11pm on September 22, 2009 predicts:
Hearing scary stuff about Sears. And that would mean a downfall for K-Mart too as Sears owns them.
Fetching predictions now... please stand byYour Predictions On Company Failures
Add a name or vote something up or down.
Yes, I do have an area on this page where you can predict the next store to go bankrupt. But that list is static. Be sure to add your prediction here and vote up or down the various entries according to how likely you think their demise will be.
What did you think about this?
Have you got a new outlook on business failure?
Why did you stop by to read this lens? I'd love to know what angle you're looking at this information from. Were you enlightened about anything? Relieved to hear that your favorite store is not going out of business? Saddened to see that the rumors were true? Surprised by news of a company closure that you never expected? Leave a comment here!
Other Relevant Lenses On Squidoo
If this topic interested you, you may also be interested in these Squidoo lenses
Why did you visit this lens? Maybe you're concerned about the recession and your finances have decreased. Maybe you're a business owner and you're looking for tips to stay afloat. Maybe you're just looking for a good liquidation sale. Here are a few other lenses at Squidoo that might also be of your interest.-
Liquidation Sales Tricks - Focus On Linens 'N Things
-
All Linens N Things stores set to close by January 1, 2009 On October 19, 2008, Linens N Things announced via email that it would be shutting its doors permanently. Liquidation sales had begun 2 days previous to that, on October 17. As of January 10...
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Benefits Of Economic Recession
-
I think it is but proper to give our good ol' friend recession a little introduction before we begin. He's been creating such a huge wave all around the world and becoming as popular as ever! If I could sell recession I'd be filthy rich by now. Hhmm...
-
The Top 10 Reasons Startups Fail
-
New research by the U.S. Bureau of Labor Statistics shows that nearly six in ten businesses shut down within the first four years of operation. While not as calamitous as the 90% failure rate often repeated as fact, the BLS statistics are sobering fo...
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Never Mind These Guys, How Are You Doing?
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Love Him Or Hate Him, he's Jim Kramer
What does he think about the success or failure of some companies / industries?
Squidoo Affiliations
I'm a member!
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