Walgreens
Walgreens has fared even worse than CVS, apparently. It closed 200 stores in 2019! This might be less than 3% of the total stores, but it is still a lot. Just so you know, a lot of people became jobless because of this. Generic drug is now cheap, which has made it a struggle for Walgreens to stay afloat in terms of cash flow. The struggles it is facing caused it to partner with Urban Outfitters and other stores. Online shoppers can now pick up their packages at a Walgreens location! This is not a bad idea if you ask us.
Charming Charlie
Have you noticed that there are fewer Charming Charlie locations recently? The company filed for bankruptcy two times in only two years. This caused the store to close nearly all of its stores in 38 states and went out of business. Charlie Chanaratsopon, the founder of the company, said that he is hoping to bring it back from the dead soon. He also shelled out $1.1 million so he could secure the intellectual property and the name of the accessories store.