Wednesday, May 27, 2020

Tuesday Morning retailer files Chapter 11 bankruptcy, plans 230 store closings

USA Today
Off-price retailer Tuesday Morning filed for Chapter 11 bankruptcy protection Wednesday with plans to close more than a third of its stores.

Tuesday Morning had been struggling when the coronavirus pandemic began and went into a free fall when it was forced to temporarily close its locations due to the crisis.

Tuesday Morning – which sells a wide variety of merchandise including home decor, bath and body goods, crafts, food, and toys – hopes to stay in business while using the bankruptcy process to restructure its operations. . . . more