This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Industries That Are Doomed to Fail

BOSTON ( TheStreet) -- There's a constant turnover of winners and losers in business, and some face the fate of the proverbial buggy-whip industry: obsolescence.

Makers of compact and computer discs, and retailers that rent DVDs and video games (think Blockbuster) are on the short list of industries that may evaporate, and a handful of others, such as soda-pop companies and laundromat suppliers, will endure challenging times. That's according to a ranking by IBISWorld, a Santa Monica, Calif., publisher of industry-specific research and market analysis.

What defines their poor prospects are declining life cycles, high competition, weaker consumer demand and technology changes, the research firm said. IBISWorld's rankings also include a weighting for growth potential, economic sensitivity and industry structural risk.

Here are five of the riskiest industries as measured by IBISWorld:

5. The recordable-media-manufacturing industry carries the highest risk of any of those ranked by IBISWorld, based on an outlook for sharply declining revenue as consumers switch to online sources for their music and movies.

Makers of physical media such as optical and magnetic discs, audio and video tapes, CDs, DVDs and Blu-ray discs are doomed. The industry is expected to record revenue of $7 billion this year, but see annual declines of an average of 3% per year through 2016.

The chief competition is from cable TV and video-on-demand services. Imation (IMN), an Oakdale, Minn.-based manufacturer of data-storage media products and consumer electronic products, is one of the industry's biggest players.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DPS $76.73 -0.49%
KO $39.32 -0.33%
NFLX $115.03 -2.21%
PEP $92.93 -0.64%
T $33.20 -0.27%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs