Tuesday Morning files for Chapter 11 bankruptcy protection; store closures expected
A national retailer with stores in Charlotte is filing for Chapter 11 bankruptcy protection — again.
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Tuesday Morning Corp., a chain of discount home goods stores, announced on Tuesday it has filed for bankruptcy. The brand has eight stores across the local metro area, including four in Charlotte.
The announcement is the latest sign of struggle for the Dallas-based company. Tuesday Morning previously emerged from Chapter 11 bankruptcy in 2021 after closing about 200 stores. The company named a new CEO last November and delisted its stock in December, citing liquidity issues.
Tuesday Morning is seeking a financial and operational reorganization as a means to shore up outstanding liabilities, obtain capital and evolve into a “nimbler retailer that serves heritage markets in a profitable manner,” a news release said. The bankruptcy petition lists assets and liabilities of $100 million to $500 million.
The company is planning to close stores in low-traffic areas as part of the restructuring process, though exact locations have not been disclosed.
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