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The Official Merchant
Services Blog
The Official Merchant Services Blog
Joann Stores Closures and Layoffs: Joann Fabrics and Crafts Stores File Bankruptcy
With mounting debt, changing customer tastes, diminishing sales, and rising expenses, Joann Inc., a retailer of crafts and fabric, is now facing bankruptcy, which was all but inev...
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List of Walmart Stores Closing in 2024
Four months into the new year, we are beginning to see more precise patterns in retail performance from the busy Q4 holiday shopping period, identifying which retailers thrived an...
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Will the US Ban TikTok?
Recently, the US House of Representatives passed a bill that mandates ByteDance, the Chinese parent company of TikTok, to divest its US assets within a year or face a nationwide b...
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The RealReal Closed Stores and Laid off Staff to Cut Costs
RealReal, a platform for luxury resale, said in an SEC filing that it fired 230 workers and shut down four locations last year in an effort to cut costs. This amounted to 7% of it...
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Walgreens Planning Store Closures and Laying off Hundreds
Walgreens has yet again announced layoffs of hundreds of employees across two states. The company plans to downsize its branches as part of its cost-cutting efforts. This move wil...
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Top Point-of-Sale Trends for 2024
The point-of-sale (POS) system has evolved into an indispensable tool for retailers, far surpassing its original function of simply processing sales. Today, POS systems integrate ...
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Essential Processes to Support a Growing Business
Sustaining and expanding your business involves both creativity and systematic planning. In the initial stages, when working alone or with a small team, it's common to overlook th...
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Visa Raises High-Risk Registration Fee
Recently, the Visa high-risk fee for registration was raised, affecting the bottom line of merchants considered high-risk. In a landscape where payment processing fees are substan...
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Google Expands Real-Money Gaming on Play Store
On January 11, 2024, Google announced that it would expand the support for Real-Money Gaming (RMG) apps on Google Play. After several years of test programs, Google Play will perm...
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