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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Tuesday Morning to close more than 250 stores, including 11 in Arizona, after bankruptcy filingTuesday Morning plans to close stores in 38 states after filing for Chapter 11 bankruptcy, the company announced.
Baca lebih lajut »
Ethereum (ETH) Makes Biggest Comeback in 250 Days, Following 20% RallyUnexpectedly, $ETH shows biggest rebound in almost a year, while $ADA and $BLUR are becoming more popular among traders
Baca lebih lajut »
Dow closes more than 250 points lower Wednesday as bank crisis spreads to Europe: Live updatesStocks fell Wednesday as investors contemplated the future of Credit Suisse, a bank with a large international and U.S. presence. The Dow shed 0.87%. The S&P 500 lost 0.70%. The Nasdaq gained 0.05%.
Baca lebih lajut »
PM Update: Wind advisory late Tuesday, after morning wind chills near 20Winds begin to increase tonight as an offshore low strengthens. They really crank Tuesday, when gusts could reach 50 mph amid temperatures in the 40s.
Baca lebih lajut »
Highway 1 flood cuts off Santa Cruz and Monterey counties as another atmospheric river storm roars inStrongest rain expected early Tuesday morning, with high winds, power outages
Baca lebih lajut »
3 Alaska Native mushers lead the charge to Iditarod finish lineThree Alaska Native mushers are leading the charge to Nome in this year’s Iditarod Trail Sled Dog Race. Ryan Redington and his eight-dog team were the first into and out of the Elim checkpoint on Monday morning. They left after just 13 minutes.
Baca lebih lajut »