Dallas-Based Tuesday Morning Files For Bankruptcy

Tuesday Morning Store
Photo credit © Kareem Elgazzar/The Enquirer via Imagn Content Services, LLC
By NewsRadio 1080 KRLD

DALLAS (1080 KRLD) - Another North Texas-based retailer has toppled into bankruptcy as the Coronavirus crisis continues.

This morning, Tuesday Morning, a big player in discount home furnishings,  has announced it has filed for bankruptcy reorganization as the prolonged closure of its stores has created what the company calls an "insurmountable financial hurdle." 

While all Tuesday Morning stores had been closed because of the virus, about 80 percent have reopened lately allowing more than 7,000 employees to return to work.

However, as part of its reorganization plan, the company says it will permanently close 230 stores,  about one-third of its total.

Tuesday Morning joins other major North Texas retailers like Plano's J.C. Penney and Dallas-based Neiman Marcus in bankruptcy.