New brands emerge as old brands go out of business — that’s just how the world works. And as sad as you feel when the iconic stores close their doors forever, it is often inevitable. The market determines what stays and what goes. Businesses who can’t keep up with changing consumer tastes are destined to get left behind.
Declining sales in formerly popular restaurants and the mass closing of department stores across the land have been dominating headlines for years now. So which are the next big brands to bite the dust? Read on to find out who’s in danger of becoming extinct in the next 10 years.
1. Vitamin World
They may be all about getting healthy, but this vitamin and nutrition emporium is anything but.
Dwindling mall traffic is partially to blame for lackluster sales and in September 2017, they filed for Chapter 11 bankruptcy protection. A Consumerist report also found that “significant supply chain and ingredient availability disruptions” factored into the overall dismal performance.
Next: These phones used to be the best.