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1. Crocs
Say goodbye to Crocs! Last year the company lost $185.1 million, slashed roughly 2,000 jobs and scrambled to find money to pay down millions in debt. Now it’s stuck with a surplus of shoes, and its auditors have wondered if it can stay afloat. It has until the end of September to pay off its debt. “The company’s toast,” said Damon Vickers, who manages an investment fund at Nine Points Capital Partners in Seattle. via .
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2. Deal Or No Deal
Unfortunately, the show will continue in a syndicated version, but will now be shot in Connecticut due to a 30% tax cut incentive. Currently it’s filmed in Culver City, California, and is cheap enough to produce because few big cash prizes have ever had to paid out so far. It is a little surprising to see this cheaply produced show get the ax by NBC. It could be because of ratings, but either way, say goodbye! via .
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3. Life & Style Weekly
Sales of the celeb gossip magazine are down 44.1% . We don’t need anymore celebrity gossip magazines!
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4. Porn on DVD
Porn was thought to be a recession proof industry. Not so much. Sales of porn on DVD are down. Vivid Entertainment founder Steven Hirsch, a longtime porn heavyweight, say the company’s DVD sales have dropped 30 percent in the past year. Why? Because you can find it online for free!! Porn DVD’s are totally necessary. via .
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5. The New Kids On The Block
NKOTB had to cancel their tour in Australia due to the recession. Donnie Wahlberg said, “We are, in fact, in the middle of a worldwide recession and we just cannot make it work.” No complaints here. via .
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6. Hummers
Weighing in at 2.6 tonnes, a typical Hummer can only do between 10 and 15 miles on a gallon of fuel. It’s no surprise that GM is desperately trying to sell off the Hummer.
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7. Condos
New condo construction has stalled in most cities. Maybe that’s because we’ve finally learned that condos are ugly.
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8. Sharper Image
While I love going into the Sharper Image store I can’t really say I’ve ever really seen anyone buy anything. It’s just a bunch of overpriced massage chairs, anyways. In 2008 the company filed for Chapter 11 bankruptcy.
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9. Club Libby Lu
This store always creeped me out. The San Francisco Chronicle criticized Club Libby Lu for having a negative effect on its preteen shoppers as well as on society because of the gender roles it promotes through its merchandise and philosophy. It was also creepy to see a bunch of little girls covered in glitter and tiaras. Next.
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10. Mall Kiosks
Do people actually buy things from these? I can’t say I’ve ever seen anyone try on a wig at the wig stand, and who still collects Pokemon cards? Hit hardest are actually the piercing pagodas. According to Zales’ public filings, its mall kiosk business has been steadily declining over the past 3 years. One possible explanation for the decline is an overall decrease in mall traffic.
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11. The Atkins Diet
America’s unhealthiest diet may finally be on the outs, completely. In 2005 they filed for bankruptcy but it’s looking like this recession will eliminate the diet forever. More people are concerned about saving money than losing weight.
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12. Energy Drinks
It’s looking like people are getting tired of paying $3 for an energy drink. “Energy drinks are premium priced,” said John Sicher, editor of Beverage Digest. “Some consumers are trading down. Others are buying them less frequently.” via .
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13. Ridiculous Pet Fashions
While animals dressed in clothes is kinda cute, it’s totally unnecessary and a little too Paris Hilton. The recession ended plans for a spring version of Pet Fashion Week on February 8th and 9th in NYC. The fall event has been running every August since 2004. via .
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14. Starbucks
The recession has effectively stalled Starbucks run. They’ve closed 600 stores, which will hopefully open the market up to more competition. via.
14 Things The Recession Is Helping Get Rid Of
The recession isn’t so bad when you think about in terms of what we’re getting rid of. I like to think of it as a form of Spring cleaning. Here are 14 things that are hopefully going to be by the end of this recession.
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Leigh-Ann Gerow 3 years agoI love my Crocs (and no, they don’t “stick to (my) feet in hot weather” as someone suggested (and I live in Las Vegas, so I know hot weather). My Crocs fixed both my plantar fasciitis pain and my low back pain, so I don’t care if anyone else thinks they’re ugly. I’m sure Earth Shoes or MBT shoes would help my health problems, too, but Crocs are $30, vs. $100 - $200 for those other brands.
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Melissa K. 3 years agoCrocs are the ugliest shoes I have ever seen in my life. They make me angry on site :)
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Nikky H. 3 years agoGotta say that this list will have very little impact on my life - since on this side of the pond Crocs (or at the very least imitation crocs) still seem to be selling well, energy drinks are flourishing coz they’re now selling them in larger sized cans and more varieties, and Starbucks is still open even in my little town. And I don’t know what the rest of them are - but it would obviously make my life better if they weren’t there!
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- Bridgette H. 14 Things The Recession Is Helping... and thinks it’s LOL
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Starling H. 3 years agoAtkins begin promoting low-carb diets to the American public nearly 40 years ago. A number of others have promoted similar diets in the last few decades and it is now widely known as an effective way to lose weight. Healthy or not, I’d venture that the number of people who use this diet is now largely independent of the existence of Atkin’s organization. And as for your assertion that the the current plight of the company is due to the recession, I think this is more correlation than causation. Competition and incompetent management will bring down companies in good times and bad.
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Jeri J. 3 years agoI hate crocs - why would anyone want to wear shoes that stick to your feet in hot weather and make your calves look even bigger?
Howie Mandell is too talentless for words and his hair and moustache make him look as ridiculous as he is.
I can’t stand the Kardashians - they are also talentless, spoiled creatins.
New kids - once around was once too many.
Condos are extra high priced, minimal living space apartments with more limitations than assets.
Tiaras and glitter have to go - buh bye.
Energy drinks are stupid and worthless.
Clothes on dogs are too ridiculous for words - especially when you consider how many human children don’t have the proper clothes. Give me a break!
And last, but not least, Starbucks coffee is way overpriced liquid tar.
Won’t miss any of this stuff.
If we could only figure out a way to also have Paris Hilton kidnapped and dumped on a remote island with no supplies - life could be perfect! -
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Nacho Nova 3 years agoDudes man, this is pretty insightful stuff. And this provides the bonus aftereffect of stimulating my brain to look on the bright side and not focus so much on my own damn financial red ink. Money sucks.
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Aunt Kathy 3 years agoPfew, I was happy to see that Starbuck’s was my only listed vice. In Style Mag? Puhleaseee. Let’s leave celeb gossip to the big boys.
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Roy F. 3 years agoI agree with most of this list, but the energy drinks get me. Trrue, some will leave the shelves, but I really do believe because of bars, that some energy drinks will survive no matter what. such things as redbull and rockstar(also used in jager bombs from time to time, idk why, its nasty, but whatever) as well as things like monster, they will make i through. College campuses help out with the sales of these energy drinks as well. You can not walk onto a college campus and NOT see a vending machine with energy drinks in it. Why? People pulling all nighters when studdying. In my college, I know for a fact that the first things to sell out in these machines are the energy drinks, closely followed by water ofcourse. As for the crocs, I personally hate them, but they will survive because the people that do use them around their house and still have the $ to afford the comfort of such hideous things.
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