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The Official Merchant
Services Blog
The Official Merchant Services Blog
Tervis Tumbler Co. Bankruptcy
This year has seen numerous store closures and bankruptcy declarations. Tervis Tumbler, a well-known Florida company recognized for its double-walled tumblers, is the latest to de...
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Digitally Native Retailers at Risk of Bankruptcy in 2024
In 2024, several digitally native retailers are facing significant financial strain, raising concerns about the overall retail financial health of the sector. These businesses, wh...
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Rite Aid's Emergence from Bankruptcy and Leadership Changes
Rite Aid has exited federal bankruptcy protection and is now a private company. Matt Schroeder, formerly the CFO, has been promoted to chief executive. The drug store chain reveal...
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Tupperware's Bankruptcy Filing and Restructuring Efforts
Last month, Tupperware Brands filed for bankruptcy protection in Delaware after struggling with declining demand for its well-known food storage containers. The company reported a...
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Big Lots' Bankruptcy Financing and Store Closure Plans
Big Lots, a retailer specializing in discounted home goods, recently filed for bankruptcy due to slow demand influenced by high interest rates and a sluggish housing market. Follo...
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Lululemon's Distribution Center Closure and Layoffs
Lululemon, the athletic apparel company based in Canada, has decided to close its distribution center in Sumner, Washington, which will lead to the loss of over 100 jobs. This dec...
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Purple Innovation’s Factory Closures and Corporate Layoffs
Mattress manufacturer Purple Innovation is shutting down its production facilities in Salt Lake City and Grantsville, Utah, and plans to centralize its mattress production in...
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Purple Innovation's Factory Closures and Corporate Layoffs
Mattress manufacturer Purple Innovation is shutting down its production facilities in Salt Lake City and Grantsville, Utah, and plans to centralize its mattress production in a si...
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LL Flooring's Chapter 11 Filing and Store Closure Plans
LL Flooring, a specialty retail store previously recognized as a strong competitor to Home Depot under the name Lumber Liquidators, announced the closure of all 400+ stores just w...
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