Friday, January 02, 2009

Many brands disappeared in 2008 |

Many brands disappeared in 2008 | "Shoppers won’t be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines or buying ultra-cheap tickets on Skybus, either.

All those names vanished last year, victims of the economy, the financial meltdown or other factors. Experts say 2009 could mark the end of more well-known brands as the now-yearlong recession puts more struggling companies on life support.

“I think 2009 is going to be a bloodbath,” said Scott Testa, a marketing professor at St. Joseph’s University in Philadelphia."


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