Financial News

Target Rips Up Paper Checks as Payment Method

Citing “extremely low volumes” of customers using personal checks, Target will stop accepting checks for in-store payments on July 15, 2024, as…

UPDATE: All Bob’s Stores to Close Following Bankruptcy, Fate of Eastern Mountain Remains Unclear

[Update as of July 3, 2024] GoDigital Media Group, parent company of Bob’s Stores and Eastern Mountain Sports, has announced that all…

UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan to Cut $2 Billion in Debt

[Update as of July 2, 2024] U.S. Bankruptcy Judge Michael Kaplan has approved a restructuring plan for Rite Aid that would cut…

UPDATE: Mexican Merchant Gonher Buys Sam Ash for $15M

[Update as of June 28, 2024] Sam Ash has selected a winning bidder in its bankruptcy auction: Mexican retailer Gonher Music Center. Gonher…

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,”…

$30 Billion Swipe Fee Settlement in Jeopardy After Judge’s Ruling

The proposed $30 billion settlement of the Visa/Mastercard swipe fee litigation, which has been going on for nearly two decades, may still…

UPDATE: Amazon Aggregator and Former ‘Unicorn’ Thrasio Exits Bankruptcy, Names New CEO

[Update as of June 26, 2024] Amazon aggregator Thrasio has emerged from bankruptcy a little over three months after filing for Chapter…

Under Armour Settles Accounting Practices Suit for $434 Million

Under Armour will pay $434 million to members of a class action lawsuit who bought the company’s stock between Sept. 16, 2015…

UPDATE: Shein Files to go Public in London as U.S. IPO Flounders

[Update as of 6/24/2024] Shein has confidentially filed for an IPO in London, as its pursuit of a public listing in the…

After Declining Amex, Ebay to Begin Accepting Venmo

Ebay has drawn a line in the sand when it comes to payments. After very publicly announcing last week that it would…

TJX Expands to Mexico Through New Joint Venture with Grupo Axo

TJX — the parent company of TJ Maxx, Marshalls, HomeGoods and Sierra — has entered a joint venture with the South American multi-brand retailer…

Walmart, Capital One End Contentious Credit Card Partnership

Capital One Financial and Walmart have officially ended a partnership that had designated Capital One as the exclusive issuer of Walmart consumer…

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Financial News

Target Rips Up Paper Checks as Payment Method

UPDATE: All Bob’s Stores to Close Following Bankruptcy, Fate of Eastern Mountain Remains Unclear

UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan to Cut $2 Billion in Debt

UPDATE: Mexican Merchant Gonher Buys Sam Ash for $15M

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

$30 Billion Swipe Fee Settlement in Jeopardy After Judge’s Ruling

UPDATE: Amazon Aggregator and Former ‘Unicorn’ Thrasio Exits Bankruptcy, Names New CEO

Under Armour Settles Accounting Practices Suit for $434 Million

UPDATE: Shein Files to go Public in London as U.S. IPO Flounders

After Declining Amex, Ebay to Begin Accepting Venmo

TJX Expands to Mexico Through New Joint Venture with Grupo Axo

Walmart, Capital One End Contentious Credit Card Partnership

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Retail Giants in 2024: Walmart, Costco and Target’s Competitive Edge

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