Store Closures

Forever 21, GameStop, Gap, Toys R Us, Dressbarn, A&F, Walgreens, J.C. Penney, Office Depot and even Walmart are closing stores in 2019.

Source: pymnts-com-develop.go-vip.net

Tuesday Morning Seeks Chapter 11 Bankruptcy Protection
Tuesday Morning Seeks Chapter 11 Bankruptcy Protection
May 27, 2020  |  Retail

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...

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Tuesday Morning Gears Up For Bankruptcy
Tuesday Morning Gears Up For Bankruptcy
May 26, 2020  |  Retail

Following the closure of its retail locations due to the pandemic, Tuesday Morning Corp. is reportedly gearing up to file for bankruptcy. The Texas-based company was...

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Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
April 03, 2020  |  Retail

With the COVID-19 pandemic causing it to shutter its stores, Neiman Marcus Group is increasing preparations to ask for bankruptcy protection. The luxury department store...

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Retail Chains Furlough Workers Amid COVID-19 Shutdowns
Retail Chains Furlough Workers Amid COVID-19 Shutdowns
March 31, 2020  |  Retail

Amid lengthened measures to keep COVID-19 from spreading, some of the country’s biggest retail chains have been forced to put workers on a leave of...

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AT&T Says It’s An ‘Essential’ Retailer – And GameStop Does, Too
AT&T Says It’s An ‘Essential’ Retailer – And GameStop Does, Too
March 24, 2020  |  Retail

The watchword in retail right now is “essential.” It is a critical issue for many retailers as federal, state and local governments close non-essential businesses...

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COVID Retail Update: Mall Group Asks For Bailout
COVID Retail Update: Mall Group Asks For Bailout
March 18, 2020  |  Retail

For most retailers, this virus thing is starting to hurt. In fact, the current situation now has a nickname, courtesy of analysts at Jefferies: Closeageddon....

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NRF Asks Government To Give Notice Before Ordering Store Closures
NRF Asks Government To Give Notice Before Ordering Store Closures
March 16, 2020  |  Retail

Things are getting a bit testy in retail land. The world’s largest retail trade group sent a letter on Monday (March 16) to the National...

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Neiman Marcus To Shutter Half Of Its Discount Stores
Neiman Marcus To Shutter Half Of Its Discount Stores
March 11, 2020  |  Retail

Luxury retailer Neiman Marcus has decided to pivot away from discount stores to focus more on its luxury customers, according to a report by The...

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Office Depot Turns To B2B eCommerce To Boost Revenues
Office Depot Turns To B2B eCommerce To Boost Revenues
February 27, 2020  |  B2B Payments

In an effort to boost revenue after disappointing Q4 earnings, Office Depot is turning its attention to business-to-business (B2B) eCommerce, according to reports. The company reported...

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