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Tuesday Morning Seeks Chapter 11 Bankruptcy Protection

PYMNTS

To decrease its outstanding liabilities and bolster its total financial position, Tuesday Morning Corporation said in a statement that it has filed for Chapter 11 bankruptcy to pursue “financial and operational reorganization.” The retailer, which was started in 1974 and is based in Texas, has roughly 700 locations throughout the nation.

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Five At Five: Apple Cuts Some iPhone Production

PYMNTS

A convenience store chain rolls out scan-and-go, Ingenico has new leadership and news emerges about Sears and its bankruptcy plans. 7-Eleven Rolls Out Scan-And-Go for Dallas Customers. Today’s coverage includes the latest about Apple’s plans for iPhones and President Trump’s plans for Big Tech. stores with the technology by next year.

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JCPenney Lands Buyer For Headquarters Sale

PYMNTS

for $450 million, and the retailer already has a buyer solidified for the sale. According to a press release , the capital markets team from commercial real estate services firm Avison Young is advising a Dallas investor in the acquisition and repositioning of the headquarters.

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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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Target Hires New Execs To Transform Grocery Department

PYMNTS

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. Bottled, ready-to-drink pumpkin spice lattés will retail for $2.79 Second-quarter results released later today, Aug.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. Wrentham Co-operative Bank.