The winners and losers of 2012

Losers

Comet - The economic climate has put people off big purchases such as TV'S and large appliances that Comet specialises in and the retailer suffered. The administrators moved in on 2 November and the stores closed permanently on 18 December.

JJB Sports - Sales have been dwindling for some time now as the chain has come up against tougher and cheaper competition in the likes of Sports Direct. The company announced plans for an imminent prepack administration following the failure of an attempted sale in the summer

Clinton Cards - The emergence of Internet businesses dealing with personalised cards and supermarkets selling cards has seen Clinton Cards struggle to compete. The business went into administration on 9 May. All of its shops have or are due to close.

Winners

Dollar Shave Club -The start-up who offer a subscription razor service for as little as $1 a month, released an awesome viral video that has been viewed by 7,793,234 people.  The success of the video led to so much attention that CEO Michael Dubin was able to raise $9.8m in funding.

The Daily Mail - A true example of a business bucking the trend and succeeding even though the industry around it is shrinking every year.

The Daily Mail and General Trust saw its profits rise by 10% to £255m in 2012, with readership of its Mail Online website reaching 100m unique readers during the summer.  This led to comScore ranking the website observe the New York Times as the most popular newspaper website in the world.

Instagram - The simple photo-sharing app was snapped up by Facebook for £1bn in April 2012.  With just 13 employees, Instagram has managed to attract over 40 million users in two years. The rise of Instagram is a true start-up fairy tale that will inspire others to launch business in 2013.

 

 

 

 

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