Name: 10 Companies We Lost In The Last Decade
Uploaded: 2021-09-10T21:06:54.000Z
Duration: 9 min 52 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Narrator: In the last 10 years, the retail apocalypse

has taken out a lot of once beloved brands.

News Anchor: Where are the teenagers shopping today?

Narrator: While some of these companies' futures

remain unclear, others are completely dead.

Here are 10 companies that fell in the past decade.

Payless was once the largest family-owned footwear chain

allowing the company to employ fewer people

when it launched in the '50s, about $25 today,

Payless was a bargain compared to other retailers.

from discount retailers like Target and Walmart,

which quickly rose in popularity throughout the 2000s.

And once online retailers like Zappos began to dominate,

In 2017, Payless officially filed for bankruptcy.

and announced that it would close all of its stores.

At its height in 2004, Blockbuster employed 60,000 people.

the movie rental giant was worth about $5 billion.

But a mix of bad leadership and competition from Netflix,

Redbox, and video on demand spelled the end for Blockbuster.

In 2010, it filed for bankruptcy with $1 billion in debt.

Blockbuster's remaining assets for about $320 million

Dish began closing all remaining stores in the US.

A privately owned Blockbuster in Bend, Oregon

is the last remaining in the world and still going strong.

Recent nostalgia for '80s and '90s brands

released a collection of Blockbuster-themed merchandise

and hosted pop-up shops in Los Angeles and New York City.

Borders was an international book retailer

A book behemoth, Borders and its Waldenbooks subsidiary

when it prioritized expanding its brick-and-mortar stores

as popular as Barnes & Nobles' Nook or Amazon's Kindle

to keep the company alive in the digital age.

The last store was liquidated and closed in September 2011.

purchased Borders' customer list and trademark.

was the largest retailer for sporting goods in the US.

from the higher-end Dick's Sporting Goods

and they couldn't keep up with online purchases

made on Amazon or directly with sports leagues.

In March 2016, Sports Authority filed for bankruptcy

was a mainstay of American malls in the 2000s.

to what the chief financial officer called

the "continuing decline of physical consumer traffic."

It filed for bankruptcy and closed 100 stores.

After a successful financial restructuring,

the company emerged from bankruptcy in 2018.

A year later, Charming Charlie filed again,

and announced it would be closing all of its 260 stores.

A private equity firm bought Gymboree for $1.8 billion.

The new leadership quickly opened 400 stores overseas.

But that rapid expansion just wasn't sustainable.

Spread too thin, the company filed for bankruptcy

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10 Companies We Lost In The Last Decade

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iconic

grocery

completely