American consumers remain pessimistic about the economy despite recent positive indicators. Consumers still expect elevated inflation rates for the foreseeable future, even as inflation has begun to trend downward. In this challenging environment, merchants must decide how best to attract customers. One would be forgiven...
Primark, the Irish fashion retailer, is expected to take a huge financial hit due to COVID-19, the Financial Times reported. The Dublin-based global discount chain, which has eight U.S. stores, was on track to earn one billion euros ($1.1 billion). But the coronavirus will take...
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 said it filed voluntary petitions in the United States Bankruptcy Court for the...
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 founded in 1974 and has approximately 700 retail locations throughout the country, The Wall Street Journal reported. Tuesday Morning is running...
March 06, 2023
American consumers remain pessimistic about the economy despite recent positive indicators. Consumers still expect elevated inflation rates for the foreseeable future, even as inflation has begun to trend downward. In this challenging environment, merchants must decide how best to attract customers. One would be forgiven for thinking deal chasing is at the forefront of the […]
July 02, 2020
Primark, the Irish fashion retailer, is expected to take a huge financial hit due to COVID-19, the Financial Times reported. The Dublin-based global discount chain, which has eight U.S. stores, was on track to earn one billion euros ($1.1 billion). But the coronavirus will take a two-thirds bite out of that, as its more than 370 […]
May 27, 2020
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.”...
May 26, 2020
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 founded in 1974 and has...
May 07, 2020
Western Union is offering a 50 percent discount for essential workers utilizing its payment services, according to a press release issued on Thursday (May 7). Western Union says that more than...
