Dec 12 - 5 Big Retail Chains That Will Be Gone in 5 Years

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 5 years ago '09        #1
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mrderrick3421 68 heat pts68
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Dec 12 - 5 Big Retail Chains That Will Be Gone in 5 Years
 

 

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 http://www.dailyfinance.c .. ne-in-5-years/
Remember strolling through Circuit City or Linens 'n Things? Did you bid Borders farewell this past summer?

Lousy management or simply being in the wrong business at the wrong time is usually all it takes for a once-thriving chain to come undone.

To help you get your mourning out of the way in advance, here are a few retailers that probably aren't long for this world.

5 Big Retail Chains That Will Be Gone in 5 Years



1. Barnes & Noble
When the last of the Borders stores closed its doors forever a few months ago, it was only natural to view Barnes & Noble as the obvious beneficiary. Bibliophiles would just flock to the other gargantuan bookstore chain, right?
Wrong. Things aren't going so well at B&N. Sales actually fell in its latest quarter, as sales of the lower-margin Nook e-readers can't make up the sharp decline in physical books.
Yes, B&N is ready for the passing of bound books, but what will this mean for its cavernous stores? Store-level sales will continue to decline, and folks will continue to download their books from a wider variety of sources.
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2. Sears
Lousy sales for Sears and Kmart during the holiday season proved that both department store chains continue to fade in relevance for bargain-seekers, and in late December, the parent of the two struggling retailers revealed that it would be closing as many as 120 stores.
Sears Holdings is in a lose-lose situation. It needs to update its stores if it wants to stand a chance against its "cheap chic" rivals. Unfortunately, the company just began tapping its credit line, so it's not as if it can afford the necessary upgrades.
Sears itself has been around for several generations, dating back to its mail-order catalog. Could it really disappear in the next five years? Well, Woolworth was around for more than 100 years when it was liquidated in 1997.
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3. Best Buy
Everyone seems to be buying smartphones and tablets. They're just not buying them at Best Buy. Shoppers are finding cheaper prices online, forcing Best Buy to shave its already meager margins just to remain competitive.
It gets worse.
"Best Buy's worst fears are coming to fruition," I wrote after the consumer electronics retailer's latest quarterly report. "The same shoppers whom it has armed over the years with smartphones, tablets, and laptops are now using those devices to find better prices online. Even when folks do walk into a store, they can seamlessly compare prices on their smartphone to make sure that they're getting the lowest price."
Let's also not forget that these are also the same devices that are making all of the shelf space that Best Buy has been devoting to CDs, DVDs, books, and video games obsolete.
For growth, Best Buy has turned to smaller stores that sell only mobile products. That strategy may or may not pan out over time, but either way, the gargantuan Best Buy stores as you know them now are toast.
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4. RadioShack
If Best Buy focusing on bite-sized stores emphasizing wireless handsets through different carriers and related accessories sounds familiar, welcome to RadioShack. The small-box specialist got into that game awhile back, after realizing that folks just don't need to stop by a strip-mall shop anymore to pick up some batteries or a remote-controlled car.
Is this market wide enough for both RadioShack and Best Buy Mobile?
Forget about the future. RadioShack's situation is ugly right now. The retailer has missed Wall Street's quarterly profit expectations all year long.
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5. GameStop
Today, GameStop has one of the most profitable retail models around. The growing retailer's stores stock the latest gaming systems, video games, and accessories. Margins aren't that hot on hardware, but they're pretty sweet on software.
However, the juiciest part of GameStop's model is where gamers trade in their tired games and systems for store credit. GameStop goes on to resell those items at huge markups.
GameStop stores don't need a lot of selling space given the compact nature of their merchandise, so they fit conveniently in the middle of strip malls where rent is cheap. Sales have held up reasonably well, even though video game industry sales have been largely languishing since 2009.
GameStop definitely doesn't seem very endangered now, but now that even Best Buy and Amazon.com are accepting trade-ins, the most lucrative part of the GameStop model is under attack.
Let's also flash forward a few years. As console makers shift to digital delivery of software, where does GameStop fit in? The retailer has made some intriguing acquisitions in digital delivery, but the days of GameStop's physical stores are numbered.
Add It Up
Some of these chains will last longer than others. GameStop's balance sheet is a far cry from Sears Holdings, where credit ratings agencies are biting their nails as they ponder downgrades. However, all five of these concepts just aren't built to last in today's retailing climate.
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Enjoy them while you can.
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Last edited by mrderrick3421; 12-12-2012 at 02:26 PM..

140 comments for "Dec 12 - 5 Big Retail Chains That Will Be Gone in 5 Years"

 5 years ago '05        #2
nahsuhmeanz 
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down with gamestop. best buy n b&n i like tho
 5 years ago '07        #3
Ham Rove 3511 heat pts3511
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Gamestop is what it is, if you trade in sh*t at the right times you can get good deals But yeah I hate best buy lol. maybe from working there in hs.
 5 years ago '07        #4
Damagegadget 492 heat pts492
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 5 years ago '12        #5
DreamChasers 87 heat pts87
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I can see sears gone soon, one look inside the store and from a business perspective it's . Gamestop is going down as speak, store just closed by me been up for 10 years.
Best Buy is losing business but take a look at how many employees it has and ull know they are doing fine.
 5 years ago '04        #6
ruff 6 heat pts
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 Fras1788 said:
I wish that GameStop would go out of business first. I wish they would file for bankruptcy today actually. They are the biggest rip-off bar none, for consumers. Its ridiculous.
I think people who buy multiple games THEN trade them in for 1 newer game deserve to get ripped off.

I bought 3 games there for less than 20 bucks last week, I'm not complaining about them.
 12-12-2012, 05:58 PM         #7
Hotboy1982 
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 DreamChasers said:
I can see sears gone soon, one look inside the store and from a business perspective it's . Gamestop is going down as speak, store just closed by me been up for 10 years.
Best Buy is losing business but take a look at how many employees it has and ull know they are doing fine.
Exactly, been said that Sears's marketing approach is obsolete, still hasn't been able to address younger consumers and Best Buy's main and/or only saving grace is its good customer service and it's Geek Squad because that was one of the things that stores like Circuit City and CompUsa failed at miserably but once that competition was gone, now BB is starting to suck in those areas now, smdh.
 5 years ago '10        #8
TheMindOf 21 heat pts21
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The one business I ever wished death upon already went under


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Gon charge me $7 dollars to hold a movie for 2 days, and if I bring it back an hour late, you charge me another 4 dollars..

Them n*ggas could eat the whole d!ck..
 5 years ago '04        #9
ruff 6 heat pts
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Anyone else rent a PSX from them?
 5 years ago '04        #10
EscoNore 67 heat pts67
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 TheMindOf said:
The one business I ever wished death upon already went under


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Gon charge me $7 dollars to hold a movie for 2 days, and if I bring it back an hour late, you charge me another 4 dollars..

Them n*ggas could eat the whole d!ck..
Freedom pass


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 5 years ago '12        #11
HeightsBound 110 heat pts110
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Every store on the list could go out of business, but not Best Buy man, I will always enjoy going into a store, browsing, then buying, I'll gladly pay a couple more dollars more for that. Amazon can't offer that experience.

Best Buy does need to get rid of their DVD & CD section asap and do it exclusively online, keep the blu ray.
 5 years ago '05        #12
Sluggernaut 19 heat pts19
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 DreamChasers said:
I can see sears gone soon, one look inside the store and from a business perspective it's . Gamestop is going down as speak, store just closed by me been up for 10 years.
Best Buy is losing business but take a look at how many employees it has and ull know they are doing fine.
No they are not doing fine. Next time go into a Best Buy, see how many people are in that store and see how many walk out with something in their hands that they purchased. They're nothing more than a device tester for Amazon.com and Costco.

You heard about something nice or new on the internet? Go to BestBuy and play with it, ask the clerk some questions read their little reviews or whatever and walk out. Go home, get on your laptop and Amazon.com it up.

They're nothing but a physical display case and they're paying the price for it.
 5 years ago '12        #13
HeightsBound 110 heat pts110
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...how the fu*k would Best Buy go out of business before FYE man, doesn't make sense, FYE is the GameStop of electronic stores.
 5 years ago '12        #14
Prostyle 2 heat pts
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Don't these big companies hire dudes from Harvard Business School to predict game changing trends like 'Online Shopping

Bestbuy deserves to bite the dust for not preparing for this. Props to Amazon, putting all these n*ggas to sleep.
 5 years ago '12        #15
Prostyle 2 heat pts
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 s34ny said:
is there not a book service similiar to netflix?
Amazon Prime
 5 years ago '07        #16
kyhoopsgoat 418 heat pts418
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Amazon and Google will soon rule the world...
 5 years ago '06        #17
991 26 heat pts26
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Die gamestop =)
 5 years ago '05        #18
Martel 18 heat pts18
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barnes and noble? really? that's extremely sad. that was my childhood spot right there. the memories. there are 0 bookstores out my way now i just dont understand how they can just close like that. i do mainly get books on my kindle but i can't read magazines and technical books on that sh*t. bn has all the good sh*t whenever I'm out and about. and they always got the cleanest most peaceful bathroom in the mall over here
 12-12-2012, 08:47 PM         #19
ceo 
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Not a fan of Best Buy and their high prices.

amazon>>>>
 5 years ago '05        #20
Andrefrbk 1067 heat pts1067
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SMH while motherfukas are still buying shiit in 5 years... Ill be downloading the schematics illegally and printing everything i need. EVERYTHING YOU NEED is gonna be illegally copied uploaded, and downloaded online for the purpose of printing.

Fuking pipes need fixing, fuk i look like going to walmart or ordering basic tools...

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Christmas coming up, kids need toys?

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print a couple bikes...



Nicca
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