50 Brands on the Brink of Declaring Bankruptcy

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People have been predicting Sears’s fall from grace for a while now, and it’s finally here. It seems like Sears is edging closer and closer to bankruptcy with every passing month. The company has been selling off brands in the hopes that it can survive a bit longer, but the reality of the situation is that it’s bleeding income.

Sears

the parent company of Sears and Kmart department stores, filed for Chapter 11 bankruptcy protection on October 15, 2018. The company had been struggling for years due to declining sales, increasing competition from e-commerce retailers, and a heavy debt load. At the time of the bankruptcy filing, Sears had over 700 stores and more than 68,000 employees. The bankruptcy was one of the largest in retail history, and it resulted in the closure of hundreds of stores and the loss of thousands of jobs.

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Did you know...

  • 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!
  • 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.
  • 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!
  • 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)!