Companies That Might Go Out Of Business
- Thread starter semipenguin
- Start date
I'd put cash down betting that the conditions were much worse than they looked when you were a kid.
Jean Nidetch and Al and Felice Lippert founded Weight Watchers in 1963 in Queens, New York. In 2018, the company shifted its focus from weight loss to overall health and wellness was renamed WW International. The company now has $1.15 billion in debt. Shares of WW closed today at 0.45, a drop of 0.34 (43.04%).
www.huffpost.com
WeightWatchers Files For Bankruptcy, Plans Pivot To Telehealth
The company has struggled with a heavy debt burden -- and competition from new prescription drugs.
I thought Oprah was going to sprinkle her magic on the company and fix it.Jean Nidetch and Al and Felice Lippert founded Weight Watchers in 1963 in Queens, New York. In 2018, the company shifted its focus from weight loss to overall health and wellness was renamed WW International. The company now has $1.15 billion in debt. Shares of WW closed today at 0.45, a drop of 0.34 (43.04%).
WeightWatchers Files For Bankruptcy, Plans Pivot To Telehealth
The company has struggled with a heavy debt burden -- and competition from new prescription drugs.
Oprah joined Weight Watchers in 2014 and quit in February 2024 after losing 42 pounds. She now weighs 160 and is getting injections of semaglutide– the active ingredient in Ozempic and Wegovy – because that is much easier than keeping track of the point values of everything she eats and limiting herself to a specific total each day.
Rite Aid, originally Thrift D Discount Center, was founded by Alexander Grass in 1962 in Scranton, Pennsylvania. It is – or was – the third-largest drugstore chain after CVS and Walgreens.
www.goodhousekeeping.com
Rite Aid Set to Close 1,240 Store Locations — Here's What This Means for Your Prescriptions
The company has officially filed for bankruptcy.
www.goodhousekeeping.com
Dang. They closed the Rite Aid near the grocery store I go to all the time (and then about six months later, the grocery store announced they're closing). I hope they don't close the one 5 minutes down the road from my house that I moved my antibiotic prescription to too.
For those of us on medications long-term, insurance requires 90-day fills, which mostly means mail order, such as CVS Caremark. So while I occasionally get one-time prescriptions at the Hannaford pharmacy, I otherwise don't need any of the chain pharmacies. Except when I found that the Walgreens in Kittery had the new Glenmorangie 12 year single-malt scotch.
I dunno if there's ever been a more overrated American that Oprah.
Her own absolute mediocrity aside, she's unleashed so much garbage on the world.
YUP.
( the first 2 in particular )
She gave voice to a LOT of dipshits who dumb people took as experts "cuz they wuz on the tee vee".
Eric White opened the first Garden Ridge Pottery & World Imports in 1979 in Schertz, Texas. In 2014, there were 71 Garden Ridge stores – and they were renamed At Home. There are now 260 At Home stores in 40 states – and the company has two billion dollars of debt.
At Home files Chapter 11 bankruptcy, will close 26 stores. See the list.
The home good retailer At Home will close 26 "underperforming" stores by Sept. 30.
www.usatoday.com
Del Monte Foods was founded in 1886 in Oakland, California, and initially sold a premium blend of coffee produced for the Del Monte Hotel in Monterey. Del Monte now owns Joyba, S&W, College Inn, Contadina and Kitchen Basics and produces canned fruit, canned vegetables, broth, sauces and other foods.
Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
Publishers Clearing House’s bankruptcy means ‘forever’ winners will no longer get paid
The article states that "its search for a buyer has hit a wall". And as we all know, it'll just back up, and hit the wall again, and keep hitting the wall, over and over.
iRobot still can’t find a buyer
The Bedford-based Roomba maker says its search for a buyer has hit a wall amid ongoing financial troubles.
www.boston.com
I thought iRobot couldn't find a buyer due to the three laws.
Farmers' Almanac says it will cease publication after 208 years, citing financial challenges
The Maine-based publication, not to be confused with the Old Farmer’s Almanac in neighboring New Hampshire, was first printed in 1818.
www.boston.com