Bruno Pugh
Once household names that ruled their industries, these companies are now fighting to stay relevant in a world of rapidly shifting trends and evolving markets. Despite their past success, many are struggling to maintain their hold. Let’s take a look at ten brands trying to keep their heads above water.
Forever 21 Faces A Second Wave Of Financial Uncertainty
Fast fashion is brutal, and Forever 21 is learning that the hard way. A previous bankruptcy forced the retailer to restructure, but shifting consumer preferences and fierce competition from Shein and Temu continue to chip away at its market share. Can it reinvent itself before fading into irrelevance?
Shoe Zone Shrinks As Online Rivals Take Over
Brick-and-mortar shoe stores are feeling the heat, and this store is no exception. With customers flocking to online platforms for cheaper, more convenient options, this discount footwear chain has been forced to shut down multiple locations. If trends persist, even budget-conscious shoppers may have fewer in-person options.
By The Horns Brewing Runs Dry Amid Industry Struggles
Once a favorite among enthusiasts, By the Horns Brewing has poured its last pint. A saturated market, surging production costs, and dwindling foot traffic in taprooms left the business with little room to breathe. Independent breweries face an uphill battle as big brands dominate the space.
Capri Holdings Watches Luxury Shoppers Pull Back
Luxury is no longer recession-proof, and Capri Holdings is feeling the pinch. With economic uncertainty weighing on high-end spending, even once-coveted designer bags struggle to fly off the shelves like they used to. In addition, despite owning Michael Kors, Versace, and Jimmy Choo, the company faces declining demand.
Homebase Struggles To Compete With E-Commerce Giants
Walking into a hardware store used to be a weekend ritual for DIYers, but times have changed. Homebase is closing dozens of stores as online retailers and home improvement chains take a larger share of the market. If it fails to adapt, its decline may accelerate.
Gardiner Haskins Bids Farewell After 45 Years
A family-run business that thrived for decades, Gardiner Haskins is now shutting down its Cirencester branch. Rising rents, changing shopping habits, and the convenience of e-commerce have drained foot traffic. For longtime customers, the closure marks the end of an era in traditional home shopping.
Colgate-Palmolive Faces Pushback On Price Hikes
Even household staples are losing their grip. Colgate-Palmolive, a name associated with oral care, reports weaker sales as customers opt for cheaper alternatives. Repeated price increases have tested consumer loyalty, which shows that even trusted brands can struggle when budgets tighten.
Jack Wills Prepares For More Store Closures
Once a staple of British high streets, Jack Wills is shrinking fast. As shoppers turn to trend-driven online brands, the preppy fashion label finds itself struggling to stay relevant. Closing sales are underway, signaling a turbulent road ahead. Can heritage alone save a fading brand?
Liberated Brands Faces Retail Wipeout
Streetwear fans may soon see fewer stores carrying Volcom and Billabong. Liberated Brands, their parent company, has filed for bankruptcy. They cited shrinking mall traffic and changing fashion trends as reasons. With over 120 locations at risk, shoppers might need to look elsewhere for their surf and skate apparel.
Carpetright Teeters On The Edge Of Collapse
A fresh carpet can transform a room, but fewer homeowners are buying from Carpetright. Financial instability and an influx of online competitors have left the flooring giant in crisis mode. Unless it finds a way to offer both affordability and convenience, its showroom days could be numbered.