iIt’s the second Chapter 11 bankruptcy petition (a Chapter 22) in three years for the discount, closeout home retailer, Tuesday Morning Corporation. The retailer filed for bankruptcy protection in the United States Bankruptcy Court for the Northern District of Texas on Valentine’s Day under case number 23–90001. The case is pending before the Hon. Eldon B. Mahon.
Previously, the company emerged from Chapter 11 bankruptcy in December 2020, where it shed about 200 stores. The company lists 400+ stores on its website – many expected to either be rejected or sold within this new bankruptcy proceeding.
Our Shopping Center and Retail Development Group listed them as a potential filer for bankruptcy in our January 2023 blog post on retailers to watch this year. This is the second retailer of 10 potential bankruptcy filers noted in our blog post to have filed this year.
