‘Streamlined’ Tuesday Morning Departs Chapter 11
Tuesday Morning has announced that it has reorganized its business and emerged from Chapter 11 bankruptcy protection.
Tuesday Morning
Tuesday Morning Poised For Chapter 11 Exit
Tuesday Morning officials reported the company expects to emerge from Chapter 11 protection by the end of December following confirmation…
Tuesday Morning Deals Headquarters, Warehouse Facilities
In an updated reorganization plan filed last week, Tuesday Morning entered a sale/leaseback arrangement for its headquarters and warehouse facilities in Dallas for $60 million.
Placer: Tuesday Morning, CVS Show Traffic Pattern Promise
Tuesday Morning is working to build back traffic after store closures, Placer.ai reported, while CVS has made substantial visit gains at its locations.
Tuesday Morning Initiates Store Closing Sales
Under Chapter 11 bankruptcy protection, Tuesday Morning has commenced store closing sales at a select group of 130 locations across the United States.
Tuesday Morning Secures Additional Reorganization Financing
Tuesday Morning said that the company has obtained a commitment from BRF Finance Co., LLC, an affiliate of B. Riley Financial, Inc., for $25 million of debtor-in-possession financing as required by the company’s current $100-million DIP agreement with its existing lender group. With this commitment, the company has secured commitments for a total of $125 million to support the continuity of operations during Chapter 11 proceedings.
Tuesday Morning Files Chapter 11
Tuesday Morning will pursue a financial and operational reorganization designed to allow the company to reduce its outstanding liabilities and strengthen its overall financial position. To pursue this reorganization, Tuesday Morning filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division.
Tuesday Morning To Temporarily Close Stores
Tuesday Morning has temporarily closed all of its 687 stores across the country at 5 p.m. local time, March 25.
Updated: Williams Sonoma, Other Retailers Close Stores, Reduce Hours
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Report: Activist Investor Weighs Purchase Of Tuesday Morning
According to a recent Dallas Morning News report, an activist investor has purchased shares of Tuesday Morning, which may lead to a potential bid for the off-price retailer.
Tuesday Morning Sharpens Off-Price Operations In Q2
After a second quarter that saw comparable store sales decline, Tuesday Morning said it is continuing to focus on its reorganized merchant team as it looks to reshape its off-price buying operations.
Tuesday Morning Appoints Metcalf Acting Chief Merchant
Tuesday Morning has appointed Paul Metcalf as acting chief merchant, effective immediately.
Store Closures, Weather Negatively Impact Tuesday Morning Q1 Comps
First quarter comparable store sales at Tuesday Morning were down as officials with the retailer pinned the decline on a reduced store count and the negative impact of several weather events including Hurricane Dorian.
Q4 Loss Grows But Tuesday Morning Touts Better Prospects
Tuesday Morning posted a bigger net loss for its fourth quarter, but the company said it is well positioned to improve sales and earnings performance.
Tuesday Morning Faces Headwinds In Q3
Tuesday Morning reported a sales decline and a net loss in its third quarter, and indicated it is boosting its off-price growth strategies as the retailer looks to identify and reinforce its most successful merchandising assortments.
Tuesday Morning Adds Slone To Board Of Directors
Tuesday Morning has appointed Reuben Slone, a supply chain industry veteran with over 15 years of retail experience, as a director of the board, effective June 1, 2019.
Tuesday Morning Sees Q2 Gains In Sales, Net Income
Second quarter sales at Tuesday Morning were up slightly as the retailer also reported strong gains in net income for the three month period ended December 31.
Tuesday Morning Comps Rise In Q1
Off-price retailer Tuesday Morning got off to a strong start this fall season, the company asserted, with comparable store sales rising 3.8%.
Tuesday Morning Q4 Sales Grow, Net Loss Shrinks
Fiscal year fourth quarter sales at Tuesday Morning were up year-over-year as the company reported a gain in comparable store sales and a smaller net loss than the same quarter of the previous year.
Tuesday Morning Comp Gains Boost Q3 Progress
Tuesday Morning reported an overall improvement in its third quarter performance, with a robust comparable store sales gain and a narrower net loss.