Discount Retailer Tuesday Morning Files for Bankruptcy Again (2)

Tuesday Morning Corp. filed for bankruptcy protection for the second time since the onset of the Covid-19 pandemic.

The Dallas-based discount retailer filed in the Northern District of Texas, listing assets and liabilities of $100 million to $500 million, in its bankruptcy petition. It emerged from its last bankruptcy in January 2021 after closing about 200 stores, cutting its employee headcount and slashing debt.

But the company soon found itself in trouble again, battling inflation and supply chain bottlenecks. It recently added BDO USA as a restructuring adviser, Bloomberg News reported last month. That came after an investor group led ...