Examples

  There are some examples of Business failures as follows:

1. Blockbuster - Blockbuster was once a well-known video rental chain with thousands of locations worldwide. However, with the rise of digital streaming services such as Netflix, Blockbuster was unable to adapt to changing market conditions and went bankrupt in 2010.

2. Kodak - For decades, Kodak was a photography industry leader, but it failed to adapt to the shift to digital photography. As a result, Kodak declared bankruptcy in 2012 and sold off the majority of its patents.

3. Toys "R" Us - The toy retailer Toys "R" Us struggled with online retailer competition and high levels of debt, ultimately leading to the closure of all of its stores in 2018.