Monday, November 22, 2010

Five industries that are doomed to fail

Thu Nov 18, 5:39 PM


As Sir Isaac Newton once famously stated, "What goes up must come down." The brain-trust at themarknews.com has compiled a list of five things that are not only on their way down, but that were destined to fail from the start.

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5) The Record Store

fail5

Remember spending lazy Saturday afternoons at your local record shop leafing through the latest releases from your favourite bands? Well, those days are done. The advent of digital music sales, as well as digital music piracy, has made high-cost physical music stores economically unviable and, perhaps more tragically, has rendered obsolete millions of snobbish record store clerks.

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