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25-Jul-2017 16:38 by 2 Comments

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He could also play "find the white knight," but that's a dangerous game, too. Penney may have overshadowed those at Sears, but sales have fallen at the Hoffman Estates, Ill., company for 27 straight quarters.Sears Holdings When billionaire Edward Lampert engineered the merger of Sears and Kmart in 2004, one analyst described it as a "dream deal." The reality has been more of a nightmare for long-term shareholders. During the first three quarters of 2013, the once-venerable retailer lost $1 billion.

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My Space Yes, My Space, once the dominant social network, still exists.

The company's executive offices have seen a revolving cast of managers, but none have managed to get profits blooming.

Revenues in Martha Stewart Living's publishing business have fallen year-over-year for seven straight quarters.

Zynga Zynga, the creator of Farm Ville and Words With Friends, has suffered a serious drought of follow-up hits.

As one analyst recently noted to Bloomberg, with the exception of Zynga Poker, the company has failed to produce a sustained mobile hit in ages.

The company has also slashed jobs and cut back on outside contractors in an effort to reduce costs.

Those cuts helped the company post better-than-expected third-quarter results, but unless Mattrick can position Zynga for success in mobile, he's going to have problems gaining traction.

During the company's third quarter, its only profitable business was merchandising.

Even those profits may be in jeopardy as the company has had to revise its partnership with J. Penney after being caught in the middle of a nasty battle between that retailer and Macy's.

Under its new management, My Space has tried to reinvent itself as a social music service.

It relaunched the website earlier this year and undertook a million advertising campaign.

Radio Shack is in such poor shape that it's unlikely that a buyer would rescue it, at least before it shutters poorly performing stores.

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