OMG, yes. The knitwear industry alone in this country has seen a very depressing level of complete oblivion of large companies. Of course, we still have a few big names, but there were many more.
Clark Howard had a relative that owned a big one. They were the good guys (as we all know now Clark is
), and it's really sad.
The competition with very cheap offshore companies was the biggest problem for knitwear. It's insane what some of those companies could make the product for. Of course, no labor standards (sweatshops), cost of labor, etc. explains how that can happen. Even with shipping to the foreign markets, they could just kick ass on price.