50 Brands on the Brink of Declaring Bankruptcy

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Claire’s is a “trendy” retailer aimed at teens. The only issue is that they’re stuck in the ’90s. The retailer filed for bankruptcy and exited in October 2018, but sales have remarkedly declined. Claire’s also closed around 1,600 stores, and many of the ones left over are in malls. Considering malls are closing at an alarming rate, it’s only a matter of time.  

Claire’s

One major issue for Claire's has been increased competition from fast-fashion companies. These companies have greater resources and are able to offer lower prices and more trendy products to customers. Even worse, Claire's has been facing legal issues related to the safety of its products. In 2017, the company was forced to recall several makeup products after they were found to contain asbestos. This led to negative publicity and hurt the company's reputation.

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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!
  • 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.
  • 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!
  • 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.