Some more examples

  4. Sears is a department store chain. Sears was once one of the largest retailers in the United States, but it was unable to adapt to changing consumer preferences and the rise of e-commerce. Sears declared bankruptcy in 2018 and has since shuttered many of its stores.

5. Pan Am - Once a leading airline, Pan Am has struggled with rising fuel costs, competition, and a decline in air travel demand. In 1991, the airline declared bankruptcy and ceased operations.

These examples demonstrate how businesses can fail as a result of a variety of factors, such as a failure to adapt to changing market conditions, competition, financial mismanagement, and other internal or external factors.