Companies That Might Go Out Of Business

[scotchandcigar]

This one caught me by surprise

Bob's Stores closing all retail locations

Bob’s Stores on Monday announced the impending closure of every one of its nearly two dozen clothing retail stores. Its stores are located in six Northeastern states.

www.foxbusiness.com

It's one of those places I'd go to as a last resort, and usually leave empty-handed. It's mostly name-brand stuff at near-retail price, but it's brands that cater more to the active, sporty person. Just not really for me (and apparently not for too many others).

 

[scotchandcigar]

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales.

apnews.com

 

[IdRatherBeSkiing]

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales.

apnews.com

One of the stores my wife liked to shop in.

 

[scotchandcigar]

Now what am I gonna do with the leftover sweet potato marshmallow casserole from Thanksgiving?

‘The party is over’ as Tupperware files for bankruptcy after years of troubles​

https://www.cnn.com/2024/09/18/business/tupperware-files-bankruptcy/index.html

 

[IdRatherBeSkiing]

Maybe use one of the 10 other cheaper knock off brand that don't require you to spend 3 hours gossiping with your neighbours?

 

[Channel98]

Earl Tupper created airtight food-storage containers in 1942 and began selling them to the public as Tupperware in 1946. At its peak, Tupperware was sold in more than 100 countries. Sales have fallen dramatically in recent years. Shares of Tupperware closed today at 0.51, unchanged. Over the past five years, the share price has fallen by 15.17 (96.75%). Here is the 2023 regulatory filing referred to in the article. Tupperware vice president Karen Sheehan warned that there is "substantial doubt about the company's ability to continue as a going concern." She was right!

https://www.sec.gov/ix?doc=/Archives/edgar/data/1008654/000100865423000027/tup-20230403.htm

 

[sadchild]

This is what happens when you don't bribe the influencers and show 15 year old girls dancing with your product on their head

 

[scotchandcigar]

This is what happens when you don't bribe the influencers and show 15 year old girls dancing with your product on their head

Is that what's on your Facebook reels now?

 

[sadchild]

Since clicking a couple videos (that aren't jailbait of course) I barely get any 15 year old dancing yoga-pants midriff-baring girls in my feed anymore. What a relief.

Scary that Facebook goes, "You haven't clicked any reels. Let's see... You're male. You're in your 50s. This is what our algorithm says you are most likely to watch."

 

[scotchandcigar]

Alex Jones’ conspiracy theory empire Infowars will be sold for parts to help pay Sandy Hook families​

https://www.cnn.com/2024/09/25/media/alex-jones-infowars-auction-sandy-hook-families/index.html

 

[sadchild]

While I'm glad to see him get smashed into oblivion, this stands out to me

Everything from the Infowars.com domain, to its social media accounts, subscriber list ... will be auctioned off piece by piece to the highest bidder on November 13, according to the auction house handling the bidding.

How can that be legal? Those people (idiots IMO) signed up for Infowars, not whoever buys it. It would be like if I signed for news about The Cure, the list got sold and I started getting news about Nickelback.

 

[scotchandcigar]

While I'm glad to see him get smashed into oblivion, this stands out to me

Everything from the Infowars.com domain, to its social media accounts, subscriber list ... will be auctioned off piece by piece to the highest bidder on November 13, according to the auction house handling the bidding.

How can that be legal? Those people (idiots IMO) signed up for Infowars, not whoever buys it. It would be like if I signed for news about The Cure, the list got sold and I started getting news about Nickelback.

It's kinda like how a nut like Musk bought Twitter. The users just wanted it to be the same, but Musk was able to change it however he wanted.

 

[HecticArt]

I assume that for whoever buys it they will only find value in buying it for the like minded lunatic listeners.

 

[scotchandcigar]

Sima Sistani, who embraced Ozempic, is out as CEO of WeightWatchers​

https://www.cnn.com/2024/09/27/business/weightwatchers-ceo-sima-sistani/index.html

Here's the interesting part of the story:
Tara Comonte, a WeightWatchers board member and a former CEO of Shake Shack, will become the interim CEO

 

[sadchild]

Yesterday "Everyone should eat greasy fast food and drink sugary dairy drinks! Spend your money on what makes you happy!"

Today "Everyone should eat lettuce and drink water! Spend your money on what makes you healthy!"

 

[HecticArt]

Little known secret.....

Weight Watchers owns Shake Shack.....

 

[sadchild]

Weight Watchers, sponsored by Shake Shack. Slogan: "Watch your weight... go up!"