In its heyday, Borders Group Inc. was a thriving chain of bookstores that offered a wide variety of books, music, and DVDs. It had over
Category: Big businesses that failed and why
What General Motors did wrong that caused them to fail?
General Motors (GM) was once the largest car manufacturer in the world, with a reputation for producing iconic American cars like the Chevrolet Corvette and
What Pan Am did wrong that caused them to fail?
Pan American World Airways, commonly known as Pan Am, was once one of the most recognizable and respected airline brands in the world. However, the
What Toys “R” Us did wrong that caused them to fail?
Toys “R” Us was once a beloved toy store chain that dominated the retail industry for decades. However, in 2018, the company filed for bankruptcy
What Sears did wrong that caused them to fail?
Once a retail giant, Sears was one of the most successful retailers in the United States in the 20th century. However, in recent years, the
What Blockbuster did wrong that caused them to fail?
Blockbuster was once a dominant force in the movie rental industry, with thousands of stores and millions of customers worldwide. However, the rise of streaming
What Lehman Brothers did wrong that caused them to fail?
Lehman Brothers was once one of the most powerful investment banks in the world, with a reputation for savvy financial engineering and innovative investment strategies.
What Enron did wrong that caused them to fail?
Enron, once a highly respected energy company, became one of the biggest business scandals in history. The company’s spectacular downfall was the result of a
What Nokia did wrong that caused them to fail?
Nokia was once a dominant player in the mobile phone industry, but the Finnish company’s failure to adapt to changing market conditions led to its
What Myspace did wrong that caused them to fail?
In the early 2000s, MySpace was the dominant social media platform, boasting over 100 million users at its peak. However, the platform’s decline was swift