ADVERTISER NEWS
J.C. Penney Co. leads the annual list of 10 important
brands that the financial website 24/7 Wall St. predicts will
disappear during the coming 12 months. JCP, it says, is
in an extremely competitive environment with no reason
to believe that its prospects will improve. It also says
Volvo’s market share is too small to continue
competing in the U.S. luxury car market
and Mitsubishi is just too small a player to
continue in the U.S. auto market.
Before you write off any of these brands,
be advised that the scorecard for last year’s
predictions is mixed. Suzuki did leave the
U.S. auto market and Current TV was sold
to Al Jazeera to be replaced by Al Jazeera
America. MetroPCS merged with T-Mobile
and American Airlines is merging with
US Airways to emerge from Chapter 11.
Research in Motion did disappear as a brand, taking
the name of its main product, Blackberry. Talbots was
acquired by private equity, so the brand lives on. 24/7
Wall St. was simply wrong about Avon, the Oakland
Raiders, Pacific Sunwear and Salon disappearing from
the landscape by mid-2013.
As for the other death watch brands for the next
year: The Nook e-reader from Barns & Noble is seen
as being overwhelmed by Amazon’s Kindle and tablet
computers; Both Martha Stewart Living and Road &
Track are listed as suffering advertising declines from
which they cannot recover; Living Social is listed as a
weak competitor to Groupon, which has its own financial
troubles; Olympus is seeing its digital camera market
share shrink dramatically against giants Canon, Sony
and Nikon; Leap Wireless is a small player – and getting
smaller – in the consolidating wireless communications
sector; and 24/7 Wall St. predicts that the NBA will give
up on supporting the WNBA.