From HMV to the first cellphones to Hypercolor T-shirts, these companies were huge hits in the 1990s.
During the 1990s, as the CD soared and the DVD neared, one of the most powerful players in entertainment retail was HMV. The British franchise, which opened its first store in 1921, established a global empire, entering the Canadian space in the late 1980s and soon expanding into the U.S., Australia, Japan and other Asian nations.
But as the Internet rose while the new millennium approached, the writing was on the wall for HMV. Now, in the face of ceaseless competition from the iTunes and Netflixes of the world, the historic music store is fighting to stay afloat after 90 years in business. Whatever the fate of HMV*, it would not be the only once-prominent company to fail after Y2K. From movie rental giants to glitzy cellphone makers, here are the stories behind companies that were big in the '90s but couldn't cut it in the new decade.
* HMV Canada is now run by Hilco, a private company. HMV Canada's president says business, unlike that of its British ex-parent, is strong.
* All figures in USD.
* Bing: What does 'HMV' stand for?
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Dec. 20 (Bloomberg) –- On today’s “The Roundup,” Matt Miller, Julie Hyman, Olivia Sterns, Adam Johnson and Trish Regan wrap up the day’s top market sto... More Dec. 20 (Bloomberg) –- On today’s “The Roundup,” Matt Miller, Julie Hyman, Olivia Sterns, Adam Johnson and Trish Regan wrap up the day’s top market stories on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
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