Yep, time for one of these again. The writer admits he's been wrong about some in the past, but argues these 10 companies are on life support and failing fast. Some, like Radio Shack, are no brainers. Others bring a sadness, like A&P and Sears, mostly for nostalgia's sake. But it's the nature of capitalism to weed out the weak, and, if government doesn't get involved, it's actually a good thing. I will list the 10 and if you want the writer's reasoning, go to the link.
1. Smart (Mercedes produced economy vehicle)
2. OfficeMax (already merged here with Office Max; in a separate report I saw where Staples is set to buy them both out)
3. American Apparel
4. Pacific Sunwear of California (also known as Pacsun)
5. A&P (over 150 years old, once the largest supermarket chain in America. The supermarket business is a rough one. Just ask Safeway)
6. Volkswagen’s TDI Brand (the emissions brouhaha did them in)
7. US Airways (already bought out by American Airlines)
8. Ashley Madison (destroyed by hackers and good riddance)
9. RadioShack (committed suicide by changing its market focus)
10. Sears ("The company has lost more than $1 billion in each of the last three fiscal years" Sheeesh)