35 Companies At Risk Of Bankruptcy In 2020
Retail isn’t doing so great. Brick-and-mortar retail stores are struggling. There are a lot of major brands that are right on the brink of declaring bankruptcy. If something doesn’t change for these 50 companies, then we may not see them much longer
Retail brick-and-mortar was already struggling to keep up with the likes of Amazon and other online sellers. Now that lockdowns and quarantines have recently become the norm, shoppers are even less likely to be shopping in person. The only exception to this has been in the grocery sector; those brands (like Walmart, Target, and Kroger) are booming. But even they are seeing a big share of online orders, as well.
You may think it's newer brands like Toms Shoes or Claire's. They don't have some of the historical legacies of some brands. But even big names aren't safe. Macy's, J.C. Penny, and Neiman Marcus are all on the brink of bankruptcy if they haven't already declared it. Their storied histories haven't saved them from the same fate as other smaller retailers. These stores may not last much longer, so it's time to stock up on their merch!
Obviously, retail has been struggling, but restaurants haven't been immune either. Nationwide chains such as Outback Steakhouse, TGI Fridays, and the Cheesecake Factory have taken a big hit.
Dollar Tree and Family Dollar
Did you know...
- It's an understatement to say that the odds when playing the lottery are not in your favor. You are statistically three times more likely to die in a car accident while driving 10 miles to buy a lottery ticket than you are to actually win. Even more astounding, over half the tickets in an average lottery draw are bought by only 5% of the participants.
- There are over 1.6 million automated teller machines around the world. And that really does mean the entire world. There are even two ATMs on Antarctica at McMurdo Station operated by Wells Fargo. Friday is the most popular day that ATMs are used worldwide, and the average withdrawal is around $80.
- When it comes to counterfeiters, North Korea are pros. They have gotten so good at counterfeiting American currency (particularly the $50 and $100 bills) they their fakes are known as "superdollars." They require specialized Federal Reserve equipment to be identified. There are $45 million worth of North Korean fakes…that we know of.
- Do you know what the lifespan of U.S. currency is? The higher the denomination, the longer it stays in circulation. Both $50 and $100 bills last 9 years. The $20 sticks around for 4 years. $10 bills circulate for 3 years. The $5 bill has a 2-year lifespan, and the $1 bill only lasts around 18 months before being retired. Coins last around 30 years.
- Paper money is actually pretty heavy. One pound would be worth $454 in $1 bills. That means $1 million comprised solely of $100 bills would weigh over 20 pounds. Those suitcases filled with money in movies must be hefty to lug around all that paper money. If you plan on robbing a bank, you better bulk up!