50 Brands on the Brink of Declaring Bankruptcy

ADVERTISEMENT
ADVERTISEMENT

Starting in Fall 2019, Walgreens decided to close 200 stores while also dramatically cutting costs by 2022. All this comes on top of removing health insurance for a number of retirees and bonuses for store managers. Walgreens is responding to a massive 24% drop year-over-year in earnings. If it can’t pull itself out of the hole, it may not survive the coming years.

Walgreens

Walgreens has also been exploring new business opportunities, including expanding its healthcare services and partnering with other companies to offer new products and services. In 2020, the company announced a partnership with VillageMD to open primary care clinics in its stores, and it has also explored new partnerships with companies like Uber and Kroger.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Did you know...

  • 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!
  • 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.
  • 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!
  • 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.
  • 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!