Posts for Archives: News

TMA’s latest members-only pop-up webinar drew record-breaking attendance, with over 400 participants tuning in to hear from an all-star panel on one of the most urgent topics facing businesses today: tariffs. This high-impact session delivered tremendous member value by bringing together top experts to discuss the immediate and long-term effects of tariffs on the U.S. […]

It’s time for chapters throughout TMA to prepare for the ultimate showdown—where brains meet brilliance, and strategy takes center stage! It’s time to unleash your inner financial guru and restructuring wizard because the battle for bragging rights and the coveted trophy is on! The TMA Turnaround Tourney is not your average competition; it’s a high-stakes […]

Association Focused on Business Improvement Offering Webinar on Essential Tool for Business Owners and Lenders on March 6, 2025 (Chicago, IL – February 19, 2025) – The Turnaround Management Association’s Chicago/Midwest Chapter, focused on operational and financial turnarounds of businesses of all sizes, announces today it will present a free one-hour webinar, “Essentials of 13-Week […]

Update February 28, 2025: Joann is officially done for. The winning bidder in its Chapter 22 bankruptcy case was liquidator Great American with term lenders, beating out stalking horse bidder Gordon Brothers, and the bankruptcy court approved the sale. All Joann stores are now conducting going-out-of-business sales, with most closing by the end of May. Much love to all the Joann […]

If no alternative buyer is found by Feb. 14, the 80-year-old retailer will be liquidated. Once again, Joann Stores finds itself in bankruptcy proceedings. It has not even been 12 months since Joann first filed Chapter 11 bankruptcy. The pre-packaged process took less than 40 days, with a restructuring agreement that cut its debt in half and […]

Ahead of Starbucks’ first-quarter earnings call on Tuesday (Jan. 28), company officials are taking steps to address declining sales and traffic with a series of policy changes. Starting Monday (Jan. 27), Starbucks reinstated condiment bars and return to barista-written names on cups, aiming to recapture the classic coffeehouse experience and improve service efficiency. Additionally, the company is expanding free refills on select orders to all paying […]

Layoffs and downsizing are an unfortunate part of running a business. Sometimes cutting costs is necessary, and oftentimes a business’s largest expense is payroll. When it’s necessary to preserve the future of the business, it’s the responsibility of any good business leader to make the difficult call to let staff members go.

CHICAGO, IL – The Turnaround Management Association is proud to announce the new slate of association leaders whose terms begin January 1, 2025. Rachael Smiley, Ferguson Braswell Fraser Kubasta PC, will serve as TMA Global President. Smiley’s TMA involvement includes leadership roles at the local, regional, and global levels of the organization, including TMA Dallas […]

TMA CEO Scott Stuart was featured in ConsumerAffairs November 5, 2024

TMA’s Chapter and Individual Awards shine a spotlight on the exceptional efforts of both individual TMA volunteers and chapters across the globe. Each year, honorees stand as inspiring examples of the association’s core values, embodying the spirit of selfless service and expressing the organization’s mission at every turn. Congratulations to this year’s winners! 2024 TMA INDIVIDUAL […]