Special Report
29 Iconic Brands That Completely Collapsed, And We Forgot
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Published: November 11, 2023 12:02 am
Last Updated: November 11, 2023 1:32 am
Every company aspires to build a successful brand, something that stands on it’s own merits and is broadly recognized by consumers everywhere. These 29 brands were once at the top of their respective industries. People everywhere knew their names, products, and logos.
But despite all this success, they eventually collapsed in on themselves. Competitive pressures, new technologies, and changing consumer tastes eventually became too much to bear. See how many of the names you recognize below.
Blockbuster
Launch Year: 1985
Quick Summary: A cultural icon in the 1990s, known for its extensive network of video rental stores.
Current Status: Nearly extinct, with the rise of digital streaming services.
Pan Am
stefanholm / iStock via Getty Images
Launch Year: 1927
Quick Summary: A major American airline, celebrated for its pioneering aviation achievements and luxury services.
Current Status: Ceased operations in 1991.
Borders
Launch Year: 1971
Quick Summary: A global book and music retailer, famed for its large stores and extensive selection.
Current Status: Went out of business in 2011.
Circuit City
Launch Year: 1949
Quick Summary: An electronics retailer known for a wide range of products and Warrantech extended warranties.
Current Status: Filed for bankruptcy in 2008; brand now used for online retailing.
Compaq
courtesy of Leonid Mamchenkov, via Wikimedia
Launch Year: 1982
Quick Summary: An early leader in personal computing, known for innovation in PCs.
Current Status: Merged with Hewlett-Packard in 2002.
Polaroid
Launch Year: 1937
Quick Summary: Famous for its instant cameras and film, a major player in photography.
Current Status: Filed for bankruptcy in 2001; brand now used under license by other companies.
Toys “R” Us
Rob Hainer / Shutterstock.com
Launch Year: 1948
Quick Summary: A world-renowned toy retailer, known for its large selection and iconic mascot.
Current Status: Filed for bankruptcy in 2017, with some international stores still operational.
Woolworths (U.S.)
HelenOnline / Wikimedia Commons
Launch Year: 1879
Quick Summary: Popularized the five-and-dime store concept; known for its lunch counters.
Current Status: Closed in 1997; Foot Locker is a remnant of the company.
Kodak
wellesenterprises / iStock Editorial via Getty Images
Launch Year: 1888
Quick Summary: A dominant force in photographic film and cameras.
Current Status: Emerged from bankruptcy in 2013; focuses on imaging for businesses.
RadioShack
RiverNorthPhotography / Getty Images
Launch Year: 1921
Quick Summary: Known for consumer electronics and components for hobbyists.
Current Status: Filed for bankruptcy in 2015; some stores still operate under new ownership.
DeLorean Motor Company
Launch Year: 1975
Quick Summary: Produced the iconic DeLorean sports car, famous from “Back to the Future.”
Current Status: Ceased production in 1982; name and parts bought by a separate company.
Tower Records
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Launch Year: 1960
Quick Summary: A global music retail giant, known for its vast selection.
Current Status: Liquidated in 2006; brand lives on in Japan.
Enron
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Launch Year: 1985
Quick Summary: An American energy company infamous for one of the largest accounting frauds.
Current Status: Filed for bankruptcy in 2001.
Arthur Andersen
jondpatton / E+ via Getty Images
Launch Year: 1913
Quick Summary: Once a leading accounting firm, collapsed after the Enron scandal.
Current Status: Ceased operations in 2002.
Hummer
David McNew / Getty Images
Launch Year: 1992
Quick Summary: Known for its large, rugged SUVs, symbolizing excess.
Current Status: Brand discontinued in 2010; revived as an EV sub-brand by GMC in 2020.
Saab Automobile
Launch Year: 1945
Quick Summary: Swedish car manufacturer known for innovative and unique designs.
Current Status: Filed for bankruptcy in 2011; parts of the company still operate under NEVS.
Palm, Inc.
Launch Year: 1992
Quick Summary: Pioneer in PDAs and early smartphone technology.
Current Status: Acquired by HP in 2010; brand no longer used.
BlackBerry Limited
Launch Year: 1984
Quick Summary: Known for BlackBerry smartphones, a staple in business communication.
Current Status: Stopped making phones in 2016; focuses on software and cybersecurity.
Oldsmobile
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Launch Year: 1897
Quick Summary: One of America’s oldest car brands, known for automotive innovation.
Current Status: Brand phased out by General Motors in 2004.
Pontiac
Launch Year: 1926
Quick Summary: American car brand known for sporty models like the GTO and Firebird.
Current Status: Discontinued
Mercury
Getty Images / Getty Images
Launch Year: 1938
Quick Summary: A former division of Ford, known for mid-range cars between Ford and Lincoln models.
Current Status: Discontinued by Ford in 2010.
AltaVista
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Launch Year: 1995
Quick Summary: One of the first widely-used internet search engines.
Current Status: Shut down in 2013 after being overshadowed by more advanced search engines like Google.
Napster
Launch Year: 1999
Quick Summary: A pioneering peer-to-peer (P2P) file sharing platform, known for digital music sharing.
Current Status: Shut down in its original form in 2001; later reborn as a legal, subscription-based service.
Tower Air
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Launch Year: 1983
Quick Summary: A low-cost airline known for flying to New York, Miami, and international destinations.
Current Status: Ceased operations in 2000.
Pets.com
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Launch Year: 1998
Quick Summary: An early online retailer for pet supplies, famous for its sock puppet mascot.
Current Status: Went bankrupt in 2000; known as a symbol of the dot-com bubble’s burst.
Sharper Image
Launch Year: 1977
Quick Summary: Retailer known for high-end, unique, and innovative electronics and lifestyle products.
Current Status: Filed for bankruptcy in 2008; now operates primarily as an online retailer.
Gymboree
Launch Year: 1976
Quick Summary: Children’s apparel and accessories retailer, known for its colorful and quality kids’ clothing.
Current Status: Filed for bankruptcy in 2019; brand acquired by The Children’s Place.
Esprit
Launch Year: 1968
Quick Summary: International fashion brand known for its youthful and vibrant style.
Current Status: Struggled with declining sales; significantly reduced global presence.
MG Rover
Launch Year: 2000
Quick Summary: British car manufacturer, formed from the remnants of the former Rover Group.
Current Status: Went into administration in 2005; brand and assets acquired by Chinese manufacturers.
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