Tuesday Morning Corp. has entered into an agreement to secure $32 million in convertible debt financing to help initiate a plan to turnaround the off-price retailer. The debt financing comes from a special purpose vehicle formed by Retail Ecommerce Ventures LLC,...
Kohl’s Corp., after a period of turmoil and evaluation, has passed on a potential sale of the company. Kohl’s reported it will continue with its established strategic direction, although it is predicting lower-than-originally-expected second-quarter results. The...
