Top 10 COMPANIES That Will SOON DISAPPEAR

Top 10 COMPANIES That Will SOON DISAPPEAR

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Top 10 Companies that will Soon Disappear
You might be surprised that a multitude of giant billion-dollar companies might be gone sooner than you think! Sadly, making loads of cash each year doesn't guarantee continuity of the fluid money flow the next business year. It’s nothing new for companies that were nearly untouchable to go under. The very nature of business is a competitive chase to satisfy a limited total of consumers daily. Most organizations consider themselves to have something unique to offer their customers, but in reality, very few live up to standard. Some miss the boat so badly that they lose touch with their consumers, whereas, others get caught up in competition and time, causing them to fade away. Lack of continued public interest, or economic turmoil, are among other factors that lead to most company failures. Stay tuned as we review, top 10 companies that will soon disappear!

10.Tifanny and Co


Tiffany and Co have withheld its own and stood the test of time since the eighties. It’s become a household name and cemented its place as a brand that offers exquisite luxury jewelry pieces to its clientele. Every girl's dream is to have her soulmate acquire this precious blue boxed engagement ring to fulfill her fantasies.

Today, this two-century-old company finds itself in trouble as a new era emerges. The millennial era has brought about a shift in the norm causing one of the most popular events, seem overrated and unfulfilling. The idea of marriage was once considered a gem that all previous generations looked forward to being a part of. Unfortunately, the millennials are finding commitment to one person strenuous and almost prison-like. Many are opting out of this overrated ceremony that they consider not only a cliche but also very financially draining. The repercussions that dawned on Tiffany and Co are: fewer customers buying their rings. Moreover, the young generation associates with meaningful gift-giving rather than pricey gifts for the show. Many people have opted to craft their gifts to offer to friends and family for birthdays and special occasions. Well guess a diamond necklace just doesn't hold enough memories to pass for a meaningful gift.

9. Kodak


Technology is the downfall of Kodak company, once the infamous photography house is now a mere shadow of its previous glory. Take a look at the late nineties photography. The probability is that almost all you'll encounter is Kodak production. This confirms that any picture taken during this time was the works of the kodak production company. They were the powerhouse of the entire photography industry. It lived such glory days only experiencing its downfall beginning of 2016 when it filed for bankruptcy. It will be renowned for the ease it brought in photography by a mere click of a button compared to the heavy photography machinery that remained dominant over the years. The wave in digital migration brought about more simplified photography equipment leaving Kodak lugging behind. They produced the digital cameras treating them as a side project instead of moving towards the future. They had a blind hope that they would disappear with a change in trend. Overconfidence in their product caused them to be less innovative, despite being empowered on everything in the film and photography industry. A shift in technology brought about less bulky means of acquiring photos. The main source of income was the sale of cameras, which wasn't what they had focused their resources on. As a result, they faced heavy losses as no more people bought film and paper.
8. Gap


Gap company remained a substantial organization over the years and has served millions if not billions with classy outfits. However, in recent years their target market margin has reduced as new trends in fashion design crept in slowly. As a result, what most considered cool seems outdated.

The major setback the gap company faced is a result of deliberate negligence in updating the design and their limited range of designs in their midst. The change in times calls for a swift response for the gap company, to adapt to the new trends. This adds on to our list of the top companies that will soon disappear.
7. Starbucks


As hard as it is to believe, it sure is true that one good joint situated in multiple destinations would one day be closing down its doors. Starbucks franchise company is facing the same fate. At the peak of its journey, it was a well-recognized brand that had a chain of stores spread out all over.