Categories: Headlines

Tuesday Morning Emerges from Chapter 11

Discount retailer Tuesday Morning (Dallas) has successfully completed its financial and operational restructuring and has emerged from Chapter 11, according to a company press release.

A $110 million asset-backed lending facility from J.P. morgan, Wells Fargo and Bank of America is behind its resurgence. After right-sizing its store footprint, the retailer emerges with 490 of its best-performing stores.

“Tuesday Morning is poised for a bright future in the off-price home goods market and we look forward to continue serving our valued customers,” CEO Steve Becker said.

VMSD Staff

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