50 Brands on the Brink of Declaring Bankruptcy

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Kohl’s has had recent stock issues. At the start of the year, sales were beginning to drop. Then they had some good news: Shopko closing most (if not all) its stores. This means good news for the retailer, although this could just be temporary. Unless Kohl’s makes some changes to improve sales, it may be headed in the same direction as Shopko.

Kohl’s

The company has faced declining sales and profits, and in 2020, it announced plans to cut about 15% of its corporate workforce and reduce its store footprint. However, Kohl's has also been taking steps to adapt to the changing retail landscape and improve its financial performance.

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Did you know...

  • The most expensive hotel room in the world (the Royal Penthouse Suite at the Hotel President Wilson in Geneva, Switzerland) costs $83,200 a night. That's $58 per minute for a stay! Good thing it has 12 bedrooms, 12 baths, a wraparound terrace, a Steinway piano, and an assigned private staff (including a chef)!
  • 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!
  • Want a money saving tip? Ditch credit and debit cards, and stick to carrying around cash. Studies show people spend between 12 – 18% more when using a plastic card as opposed to when paying for things in cash. If you physically have to dole it out, you’re much more aware that you are spending your hard-earned money!
  • Once you've handled all your money, you should probably wash your hands. Money is some of the dirtiest things that we own. In fact, it's been found to be dirtier than a household toilet! During flu season, the virus can live on a bill for up to 17 days. That's just plain disgusting!
  • Have you ever wondered who prints the most money? That would be Hasbro, as in the makers of Monopoly. Hasbro prints more Monopoly money in a given year than there is money in the entire world. Each set of the game comes with $20,580. Bet you didn’t know you had that much money lying around the house!