10 brands that will disappear in 2013, according to 247WallSt.com
Avon’s long time CEO was ousted late last year after nearly wrecking the company, and earnings haven't improved with the replacement. The market has no confidence in the cosmetics company, although there's rumor of a possible takeover by Coty.
Metro PCS. This tiny carrier has lost pretty much any chance it may have had to compete with larger mobile providers T-Mobile, AT&T, Verizon and Sprint-Nextel. Investors have virtually abandoned the company.
Oakland Raiders. The Raiders' Oakland stadium contract expires next year, and managing owner Mike Davis has said he may move the NFL team back to Los Angeles to get a better stadium deal. Santa Clara is also a possibility.
Salon.com. In a sign that Salon is very close to being shuttered, the company "lost" its CEO and CFO recently. Launched in 1995, the pioneering news and commentary site is losing money and appears to be falling apart at the seams.
Suzuki. Even with aggressive sales tactics, Suzuki is having a hard time improving its position in the American market. Sales are down and nearly every other manufacturer has flooded the market with cheap, fuel-efficient models.
Pacific sunwear. The "California-style" accessories manufacturer was a hit for years, but nearly every major department store now sells similar sunglasses, shoes and swimwear and the company is at risk of going bankrupt. Five years ago, Pacific Sunwear stock traded for $23. Recently, it dropped to $1.50.
Research In Motion. Research In Motion once owned the smartphone market with its BlackBerry products, but it's now behind the times and being pounded relentlessly by Apple and Google's Android products. The company’s board recently said it was reviewing "strategic options," which would include a sale.
Current TV. Al Gore's Current TV was on life support even before it fired its only bankable star, Keith Olbermann, in March. Reuters recently reported that the channel's audience had fallen enough that cable giant Time Warner Cable may have the right to discontinue carrying it.
Talbots. Battered retailer Talbots is supposed to be taken private by Sycamore Partners, but the offer has been delayed for some reason. It may be because there's virtually no solution to making the company viable again. It closed more than 100 stores recently, and lost money every year for the past five years.
American Airlines. American's parent company filed for bankruptcy last November, and the troubled airline is now rumored to be in talks with US Airways about a possible merger. Read more on 247WallSt's website.