Popular Brands That May Die in 2015

By siliconindia | Tuesday, 30 December 2014, 13:08 Hrs

Sears or Kmart:

Sears had everything—from clothes to tools and its massive catalog sales with huge discounts is what it was best known for. And of course that is why it was so popular. But that was in its good old days. Kmart now lost its old glory it once cherished. Sears’s merging with Kmart was the drastic step that gradually led to the end of Sears Holding Corporation. In 2014 Sears had to shut down 30 stores, and 31 Sears Auto Centers. The move to cut costs is not a surprise considering the company had a $1 billion loss in the first half this year. Even loans may not be enough to keep the company from completely disappearing in the not-so-distant future.

Toys “R” Us:

Toys R Us reigned as America’s largest toy store chains in North America. It was one of the favorite ‘holiday shopping’ destinations for most of America. In fact, the majority of Toys R Us' revenue came from fourth quarter sales. However the law of the nature tells that one is bound to face their demise for several reasons. But for the past three years, Toys R Us has seen a major decrease in profit. Antonio Urcelay, Toys R Us' CEO, says the company has two years to stabilize before debts are due. So far the plan to keep Toys R Us afloat is to update their mobile app and give their stores a much-needed overhaul.