5 iconic companies that disappeared

Even the giants of industry sometimes collapse, leaving little or no trace.

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VIDEO ON MSN MONEY

277Comments
May 14, 2014 7:01PM
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Another major brand that is now in a death spiral..... America.

Without fundamental reform to the out of control spending, entitlements, etc., This once great nation will soon collapse into pieces in the aftermath of the revolution.

Reform NOW!  begin by dismantling the government pension programs and obamination care.

May 15, 2014 8:42AM
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As A Teen I spent many a time at Woolworths Lunch Counters. Back then we had Real, Great Tasting Milk Shakes, not this crap they call a shake, Real Hamburgers and Great Fries , not the near potato sticks they call Fries, Sundaes, Floats to name a few things.


In order to appreciate what made these businesses Iconic you needed to be there in those days. Another Icon that has disappeared is Howard Johnsons Restaurants. When you saw that Orange Roof, you knew you were going to get good food.

May 15, 2014 4:30AM
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Must be a slow news day. This article is not complete. I am sure if I sat here all night like I have nothing else to do I can think of much more that aren't here now I could come up with a bunch. Other brands that are gone or nearly so are Kodak, Wilson's ( later Service Merchandise), S.H. Kress, Rexall, Montgomery-Ward are just a few that put in at least 30-80 years are more that immediately come to mind. With the closing of each chain, other brands saw their markets disappear and followed suit and were replaced with lesser quality products. Some don't exist any more at all or are not American names any longer. It is going to get worse if our jobs don't return from foreign shores.
May 15, 2014 9:33AM
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"Bethlehem Steel was beginning its decline in the late '80s, as the U.S. transitioned away from industrial manufacturing"

And with that statement begins the end of the middle class.

May 14, 2014 7:06PM
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An iconic website that disappeared, MSN Now.
May 15, 2014 4:28AM
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They forgot to mention Montgomery Ward and Ben Franklin
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In another year, Sears and Kmart can be added to this list.  


May 15, 2014 3:36AM
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If walmart keeps up their antics,they'll be on this list some day.

May not be for 20 years,but they wil be.

May 15, 2014 10:38AM
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Another thing that killed Circuit City is the idiots in management decided to fire it's more experienced, higher paid  [like 9.00 and hour opposed to 8.00] employees. The result was a bunch of part time high school kids that had no idea what they were selling and could have cared less.
Just like Wards and K-mart, poor customer service killed these companies.
May 15, 2014 7:12AM
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Woolworths, Kmart, Walmart...see the pattern. Selling cheap stuff made these Co's rich beyond rich. People always will look for a bargain. Today, it doesn't matter if you buy the crappy Chinese item at Walmart or for more at a mom & pop's it's the same junk just higher priced. Considering 98% of the politicians are voted back in for life tells me the same anti-Walmart fools still go to Walmart.. 
May 15, 2014 4:08AM
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F .W .Woolworth, They (The home office) put all the eggs in one basket Woolco. They used the

profit for the Woolworth, Harvest House, Burger King , After Thoughts Jewelry Stores, Richmond

Brothers Clothing Store, etc. Tried making Woolco work not updating the bread and butter stores.

A large old company like Woolworth goes  under the trouble starts at the top ( the home boys)

Start cleaning at the top and save the company.

 

May 15, 2014 8:21AM
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SAD, UNIONS KILLED Beth Steel, Pensions and UNION mandates can kill any business
It KILLED Detriot and most of California.
May 15, 2014 10:55AM
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The saddest one is Sears. I used to love that place for everything, clothing, automotive and appliances. They're still with us but those financial wackos who know nothing about retail and seemingly don't want to learn are in the process of destroying it, it's just a matter of time.
May 15, 2014 6:51AM
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T. G. & Y., W. T. Grant, Rexall Pharmacies... ultimately everything will wind up on this list.  Don't have to like it, but that's the way things are ... 
May 14, 2014 11:10PM
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This is why you can't get too fancy and depend upon your stock picking ability.  To make money in the long run, just follow time tested financial principals.  The smartest things that I have learned from others:
1. Invest in diversified low cost funds such as Vanguard.  Match your investment mix to your age and risk tolerance.  I am about 70%equities and 30% fixed income.
2. Get life insurance.  Stay away from expensive whole life insurance.  Get term life from a place like LifeAnt for about $20 a month.  Watch Suzey Orman or Dave Ramsey sometime if you have not heard of buying term and investing the difference.
3. Set up a revocable trust for a tax efficient transfer of assets.
4. Put at least the maximum amount in your 401k that your employer will match.
5. Save between 10-15% of your income every year for retirement in total.
Save yourself a lot of money and just do everything you can yourself.  Google financial planning fees sometime and see how much they take away from you over time.
May 15, 2014 7:13AM
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They forgot Union Carbide.  I miss their 'giant hand' advertisements in magazines, they were actually pretty good.
May 15, 2014 7:23AM
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Bethlehem Steel "weighed down in part by spiraling pension and health-care costs as workers were laid off". I'm not sure what laying the workers off had to do with pension and health care costs. Unless their contract said layoffs would get more benefits than retirees, the company would eventually have incurred those costs anyway.
Isn't it usually the other way around, don't pensions increases with years of service, so shouldn't laying workers off result in lower pension costs?
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