Life is more than a checklist, but most of us will experience these events. These kids don't seem to remember who paved the way for civil and LGBT rights, current fashion trends, technological advancements, and being kind to your elders. Multiple news outlets report that Ascena, parent company of familiar women’s brands such as Ann Taylor and Loft, is near bankruptcy and may end up closing around a third of its stores. Who knows how long it'll be before this one is gone forever? Millennials are in more debt than their parents were at their age, and they just don’t prioritize spending what money they do have on designer brands. Keep reading to discover 30 big-name brands that will soon be gone forever. The Neighborhood Bar & Grill is fading out, and the pandemic can’t take all the blame. Entertainment. Appliance makers used to put the Kenmore nameplate on some of their best products, but not anymore. Millennials are spitting in the restaurant's 38 years of success, though, and the brand is suffering. McDonald's has even been adding more health-conscious items with higher-quality ingredients since the snowflake generation has been killing their sales. Buy and trade shares from your phone with no fees or commissions. Apple called the arrival of its iPod in 2001 "the unveiling of a breakthrough digital device." In 2008, candidate Barack Obama revealed what music was on his iPod — and later, President Obama gave one to Queen Elizabeth as a gift. Even if you don't ride one, everyone can agree that Harley-Davidson has been an iconic brand since 1903. Gillette is also noticing a trend with millennials skipping things—this time: shaving. You can save on time, stress and money, so long as you’re using the right methods. And let's not forget the amazing luxury of putting a diamond engagement ring on a beloved's finger. There are many clothing brands out there so you need to make yours stands out. New software is finally giving consumers the advantage over big businesses. While greeting cards themselves are not dying, Hallmark and other brands that thrive on selling greeting cards are being killed by millennials who would much rather have a personalized card that they could buy online than a convenient and more generic card from the store. Sears has tried to sell off the brand, but without success. But lately, shoppers have had more of a falling out with the clothing retailer. Millennials are causing tons of brands to rethink their branding, and General Mills is trying its best to adapt. Thanks to their generation, we can kiss goodbye to department stores, chain restaurants, and getting grandchildren. "But as for clothing going out of style, there are just so many different kinds of trends and aesthetics now that I think the idea of things being in or out … Are the days of sitting down for breakfast gone? 35 talking about this. Kids' Clothing Company Gymboree Is Going Out of Business San Francisco-based clothing company Gymboree is officially shutting its doors for good. A. Domino’s has easy online and delivery services, which millennials prefer to Pizza Hut’s dine-in style. Move over, baby boomers. In early 2018, the brand fell to No. Clothing (Brand) Billing itself as “New York’s Best Kept Secret,” Century 21 offered deep discounts on designer clothes and accessories. The brand hired Reed Krakoff, the designer responsible for the success of luxury brand Coach, as its chief artistic director to overhaul Tiffany designs to attract younger shoppers. How Do Unemployment Insurance Claims Affect Employers? More recently, the company now known as Conagra Foods has been trying to update Chef Boyardee with higher-quality ingredients. It also doesn’t help that physical mail is just not something they want to deal with. Bonmarche store front at Hounslow High Street in west London (Image: PA). Yes, those lurid orange slices that melt gloriously in your grilled cheese sandwiches are increasingly being passed over in favor of “real” cheese, even if it’s less convenient. The desires and spending habits of today's 20- and 30-somethings are altering how we interact with technology, how we bank, and how we shop. Subway just isn’t at the top of their priority list, even though it likely fueled much of their childhood. The company (which is not affiliated with the similarly named real estate firm) immediately commenced a chainwide going-out-of-business sale. Check your junk folder. Ascena Retail Group Inc., the parent of tween clothing brand Justice, announced it will wind down all locations by early 2021, just a few months after shuttering 21 New Jersey stores. But the iPod would be made obsolete by its younger brother, the iPhone, which can hold your music and do a gazillion other things. Millennials seem to have also caught on to how pointless this brand is and Abercrombie & Fitch's sales are reflecting that. Twitter put itself up for sale in 2016 — but prospective buyers declined to make a deal, likely due to slow sales growth and a decline in users. Millennials have embraced the online shopping world with startling quickness, as you can tell by Amazon founder Jeff Bezos' staggering $111 billion net worth. And this will stand you in good stead for developing a brand for your startup clothing company. The worst part is why millennials are ditching their morning corn flakes: it's too inconvenient for breakfast because they have to clean up after eating it! Soon we won't even be able to go into a department store to pick out a nice set of clothes. The chain has been around since 1940, but apparently, that history doesn't mean much anymore. Plus, the platform has been getting a lot of backlash for ongoing issues of abuse and harassment among users. If they won't even get a car, they're certainly not buying motorcycles. Please don't take the Harleys! Retailers like Macy's, Bebe, and Payless are all closing dozens — or even hundreds — of stores in 2017. This retailer is in charge of companies like Ann Taylor, Dress Barn, LOFT, and Lou & Grey. With so many millennials choosing to use ride-hailing apps and public transportation over personal vehicles, Harley Davidson motorcycles could become a luxury item of the past. Shop today at shopopt.com. The lowest-paid workers in many of these states have gotten a pay raise in 2020. Millennials are more concerned with being “healthy” than their parents and grandparents had been, and with paleo, keto, and Whole30 diets being all the rage, they are killing classic American brands as well. Newman's Own doesn't seem like a brand millennials would want to be putting out of business, but this well-loved company isn't safe either. While diet sodas first came onto the market in response to worries about sugary sodas, today there’s concern about the potential harms of ingesting artificial sweeteners and aspartame. Not even high-end brands like Macy's will be able to survive the rise of the millennial. Please refer to our privacy policy or contact us for more details. Diet Pepsi was super popular in the 1990s, but sales have fallen drastically in recent years. Millennials are not eating as much cereal for breakfast as their parents, or even their younger siblings. 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