YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Home goods and decor retailer Tuesday Morning Corp. filed for Chapter 11 bankruptcy.
The restructuring process is set to include the closure of stores in low-traffic areas.
“After considering how best to address Tuesday Morning’s exceedingly burdensome debt, we have determined that the best path to reorganizing and transforming the company begins with a Chapter 11 filing. Fortunately, we have the support of a committed capital provider in Invictus and a clear vision for transforming into a focused retailer that serves its core, heritage markets in a profitable manner," said CEO Andrew Berger.
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