Discount retailer Tuesday Morning plans to close more than 250 stories across the country this year.
In a filing with the Securities and Exchange Commission, the home goods company said it had filed for Chapter 11 bankruptcy. “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, said Andrew Berger, Tuesday Morning CEO.
The company said it will close stores in"low-traffic regions" that are"unprofitable" and"underperforming."More than 30 stores in California will close, the most of any other state. Twenty-four stores will close in both Texas and Florida. Click here to see which locations will be closing and offering the sale prices.
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