Legal

Tuesday Morning is going out of business and closing all of its stores, reports CNN. After 49 years in business, the Dallas-based off-price home decor retailer will go out of business following a court-approved bankruptcy sale to Hilco Merchant Resources for $32 million on Thursday. Going-out-of-business sales have begun at all of the company's roughly 200 remaining…

Bed Bath & Beyond announced yesterday that it has filed for bankruptcy under Chapter 11 to close its business and seek a sale of its assets. The home goods retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to facilitate the store closing process, pending court approval. Bed…

David's Bridal filed for bankruptcy earlier this week just days after announcing plans to lay off more than 9,000 workers nationwide later this year. The popular wedding dress retailer said its stores and e-commerce website will remain open during the financial restructuring process. David's Bridal executives said they're trying to arrange a sale of the company. The…

Dollar General has again been found in violation of federal workplace safety regulations for “willfully exposing” staff to fire hazards at a Pennsylvania store, the Department of Labor said Friday, reports CNBC. Investigators found “dangerous safety hazards,” including blocked emergency exit routes and electrical panels, at a Jersey Shore, Pennsylvania store during a November inspection that…

Walmart has reportedly sued Capital One to end a four-year-old credit card partnership. According to published reports last week, the retail giant accuses the bank of failing to live up to its customer care standards. The companies announced a partnership in 2018, though it didn’t go into effect into the following year. The collaboration made Capital One the exclusive issuer…

Online retailer Boxed became the latest company that's gone public via merging with a special purpose acquisition company (SPAC) to file for bankruptcy. Founded in 2013 as an online bulk retailer, Boxed said on Sunday that it's filing for Chapter 11 bankruptcy protection and will execute a sale of its Spresso software business to its first-lien…

Some retail organizations are seeing significant setbacks as a result of the collapse of Silicon Valley Bank (SVB). Toy e-commerce startup Camp, for example, sent an email to customers on March 10 that said it was slashing prices and would use the sales to help fund its continued operations after much of its money was tied up in…

Off-price home good and décor retailer Tuesday Morning announced it's filing for Chapter 11 bankruptcy protection. The company is "pursuing a financial and operational reorganization to enable it to reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner," according to a…

Papa Bear violated the Telephone Consumer Protection Act (TCPA) and is now embroiled in a class-action lawsuit. Build-A-Bear-Workshop, a chain retailer that enables buyers to adorn their stuffed animal with accessories of their choice, allegedly sent multiple text messages to consumers whose numbers are listed on the National Do-Not-Call Registry. Bad bear. Perhaps Papa Bear…

Nike is accusing the yoga lifestyle and apparel brand lululemon of infringing upon some of its shoe designs, according to a lawsuit filed Monday in New York's U.S. District Court. Canada-based lululemon launched its first footwear collection in March 2022, with women's shoes available first and men's shoes debuting in 2023, according to a press…