Major Brands That Are Predicted To Disappear In 2014
Some major brands that have been around for a long time may be gone within the next 18 months. That's according to new predictions from 24/7 Wall Street. In the past, their annual predictions have proven to be at least 70 percent accurate. Here are some brands that 24/7 Wall Street says will be gone by the end of next year:
J.C. Penney. The company has been in trouble for some time. Other retailers like Walmart, Target and Macy's are larger and growing, while J.C. Penney's sales continue to drop. The store's overall sales have dropped by nearly 25% in the past year.
Nook. Barnes & Noble's e-reader has struggled from the start. Sales of the iPad continue to grow while e-readers are falling.
Martha Stewart Living Magazine. The publishing division of marthat Stewart Living loses millions each year. Print magazine subscriptions are also falling drastically each year.
Volvo. Each year, Volvo's market share drops here in the U.S. Their models directly compete with other luxury brands from Mercedes, BMW, Audi, Lexus and General Motors. So far this year car sales in the U.S. are up, but Volvo's sales are down by over 8%. 24/7 Wall Street predicts new Volvos will not be on sale here in the U.S. after 2014.