Discount home furnishings retailer Tuesday Morning Corp. said that it has filed for bankruptcy, as the prolonged closure of its stores amid the COVID-19 pandemic created an "insurmountable financial hurdle," MarketWatch.com reported. The company said that it has obtained $100 million in debtor-in-possession financing so that it can continue operations during the bankruptcy. The company said that it plans to permanently close about 230 of its 687 total stores, or 33 percent, as part of the reorganization. Tuesday Morning said that it had initially closed all of its stores due to the pandemic, but has reopened about 80 percent of the stores, and over 7,300 employees have returned to work.
