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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.

Texas 130
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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.

Dallas 100
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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.

Retail 78
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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. In Other News….

Idaho 123
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Whole Foods’ Big Top-Down Changes

PYMNTS

“You need clarity, and clearly if you’re [struggling], what you don’t need is mixed signals coming out of the C-suite,” said David Heenan, a visiting professor at Georgetown University’s McDonough School of Business who wrote Co-Leaders: The Power of Great Partnerships with the late leadership sage Warren Bennis.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

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. We lent to retailers, restaurants, nonprofits, small mom-and-pop stores, barber shops, beauty salons, day cares, churches … we did not turn anybody away,” Frank says. “We Springfield.

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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.

Apple 115