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Tuesday Morning Seeks Chapter 11 Bankruptcy Protection

PYMNTS

The retailer said it filed voluntary petitions in the United States Bankruptcy Court for the Northern District of Texas – Dallas Division to pursue the reorganization. Tuesday Morning foresees shuttering roughly 230 of 687 retail locations, with the store closure process set to occur during the summer.

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Target Hires New Execs To Transform Grocery Department

PYMNTS

Kenny previously served as senior director of private brands, deli and bakery at Walmart. Target looks forward to leveraging his deep merchandising experience in food and beverages and strong retail operational leadership background. cities: Los Angeles, Atlanta and Dallas. Sort of like Walmart. In Other News….

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

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Whole Foods’ Big Top-Down Changes

PYMNTS

Consumers responded to the deals — and although Whole Foods has consistently maintained that their brand of organic and artisinal is better, the quarterly results over the last few quarters indicated that consumers are less than convinced. Whole Foods notched a 2.6

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