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You are here News Economy Tuesday Morning retailer files Chapter 11 bankruptcy, plans 230 store closings

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

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Tuesday Morning stores closing

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.

The company joins a growing list of retailers that have tumbled into Chapter 11 bankruptcy during the pandemic, including J.C. Penney, Neiman Marcus and J. Crew. In each case, the companies were already in rough shape before the pandemic began due to excessive debt and declining foot traffic.

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.

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