10 Brands That May Disappear in 2014
Mitsubishi Motors
The Japanese automobile company, Mitsubishi Motors is following the trail of its rival American Suzuki Motors and might disappear from United States in the near future, as per 24/7 Wall St. The sales of the company have gone down to 60,000 units in 2012 from 80,000 in 2011. The present year has also witnessed a drop of 6.5 percent to just 20,571 units. It has a very small market share of 0.3 percent in the U.S.
Leap Wireless
The recent mergers and acquisitions in the telecom industry have made it tough for Leap Wireless which is too small to compete against other financially strong consolidated companies. The telecom company’s share has gone down by 90 percent and so has the market’s confidence on it. According to the reports by Bloomberg Business Week , “After reporting net losses for the last six years, analysts are forecasting Leap will remain unprofitable through 2015, according to data and estimates compiled by Bloomberg. It may post a profit of about $43 million in 2016, according to the average estimate.”
WNBA
The Women’s National Basketball Association may soon face a hard time with David Stern retiring in February 2014. The league was going through a tough phase and the attendance had been really poor. Only 6,000 people attended the WNBA in Atlanta, Chicago and Tulsa. “The majority of WNBA teams are believed to have lost money each year, with the NBA subsidizing some of the losses” reported The Chicago Sun Times in 2011.
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