Tuesday Morning Corporation, the discount, closeout home retailer, could be filing for Chapter 11 bankruptcy, reports both Bloomberg and Seeking Alpha.
Shares of the company fell nearly 30% last week. The company has struggled with supply chain bottlenecks.
The company previously emerged from Chapter 11 bankruptcy in December 2020, where it shed about 200 stores. If it files for Chapter 11 bankruptcy again, it would be referred to as a “Chapter 22” (the filing of two Chapter 11 bankruptcies in a short period of time). The company lists 491 stores on its website.
If you have a Tuesday Morning lease in your center, Stark & Stark’s Shopping Center Group can help. Our bankruptcy attorneys regularly represent landlords throughout the country, including recently in the Eastern District of Missouri, District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota, and the Western and Eastern Districts of Pennsylvania regarding a variety of issues.
Our Group has been counsel to landlords and trade creditors in the Buyk, Mattress Firm, Toys “R” Us, Payless, Eastern Outfitters (EMS Part 2), EMS, Modell’s, RadioShack, General Wireless (RadioShack 2), Gander Mountain, A&P, Ascena, Stage Stores, Central Grocers, and Sports Authority chapter 11 bankruptcy cases.
For more information on how Stark & Stark can assist you, please contact shareholders Thomas Onder at (609) 219-7458 (tonder@stark-stark.com) or Joseph Lemkin at (609) 791-7022 (jlemkin@stark-stark.com).
