iBucket America Announces Closing
Can it get any worse? It's all over for a once mighty American brand with the must-have iPhone accessory: the amazing iBucket recharging platform for your iPhone and iPod. Launched in the fall of 2007, iBucket America, Inc. saw a meteoric rise in its fortunes after opening flagship stores in New York, San Francisco, Los Angeles, Toronto, and Montreal. An IPO quickly followed in early 2008 with shares peaking at a high of $478.00 before plummeting to $0.14 this past February. We just received confirmation from reliable sources that iBucket is closing all 163 stores tomorrow:
"After being de-listed by the NYSE last month things just got progressively worse for us. Liquidators will be taking control of these stores on Thursday. 7400 employees are being laid off," said CEO Mitch Steffani. (WSJ)
iBucket fans will recall that it wasn't that long ago when iBucket sales saved Xmas for retailers. iBucket Saves Retailers This Shopping Season.
No doubt, you have probably already guessed what the demise of this iPhone icon means.
Everyone I know is scrambling to load up on iBuckets.