Discount Retailer Tuesday Morning Considers Bankruptcy as Inflation Mounts
- Piper Sandler is advising the company on restructuring
- Inflation threatens company after 2020 Chapter 11 filing
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Discount home-goods retailer Tuesday Morning Corp. is exploring restructuring options including what would potentially be its second bankruptcy filing in less than two years, according to people with knowledge of the matter.
The company is getting advice from Piper Sandler Cos., the people said. Tuesday Morning has inked debt deals to give it breathing room, but has struggled amid inflation and supply chain bottlenecks. Restructuring talks are in the early stages and could change, the people said.