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Many have been hit by weakness in the local economy and mounting competition from online rivals.
It closed ten years later, the victim of mounting competition from national chains like Bed Bath & Beyond.
The cutbacks come as the renewable industry faces mounting competition from fossil fuels like coal and natural gas, whose prices have fallen during the global financial crisis.
DirecTV Group, a provider of satellite television, fell 3.6percentto to $24.84, after it posted a drop in profit amid mounting competition from cable and phone companies.
But Nokia, once the world's largest cellphone maker, now ranks third behind Samsung and Apple and faces mounting competition from cheap devices made in emerging markets like China and India.
Caterpillar is also facing mounting competition from a Chinese maker of big bulldozers, Shantui, and an upstart German engineering group, Liebherr, that makes construction cranes but is now competing with Caterpillar for pipe-laying equipment for the petroleum industry.
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If these rumors are true, the merger comes at a good time for the arch rivals, who have been seeing mounting competition of late from a laundry list of new startups entering the space, including increasingly popular alternatives like Delivery.com, ChowNow, Munchery (meals from local chefs), Campus Special, eat24 or the bigs of Europe, like Delivery Hero and Just-Eat.
When FOVE does launch, the head mounted display faces competition from big VR players like HTC, Oculus, and Sony Playstation, as well as eye-tracking firms, including Eyefluence, Tobii, and SMI, which are working with headset manufacturers.
The company has seen competition mounting from the likes of Hewlett-Packard, Sony and Apple in recent years.
And the economy has been hit by blow after blow, from sagging property prices to mounting debts and intensifying competition from China.
Mounting pressures from growing competition will drive this new generation of tastemakers to "keep it real" and remain authentic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com