Tuesday Morning Corp. (TUES) News

Tuesday Morning Corp. (TUES): $0.28

0.04 (+17.91%)

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Latest TUES News From Around the Web

Below are the latest news stories about Tuesday Morning Corp that investors may wish to consider to help them evaluate TUES as an investment opportunity.

Hedge Funds Never Been Less Bullish On Tuesday Morning Corporation (TUES)

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]

Yahoo | June 5, 2020

Tuesday Morning secures $25M of additional debtor-in-possession financing

Tuesday Morning ([[TUES]] +16.8%) secures additional $25M debtor-in-possession financing, bringing total commitment to $125M to support the continuity of operations during Chapter 11 proceedings. The company expects to emerge from Chapter 11 by early fall 2020....

Seeking Alpha | June 4, 2020

Coronavirus update: Global case tally climbs above 6.6 million and California reports a rise in infections amid protests and reopening

The number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.

Yahoo | June 4, 2020

Tuesday Morning secures $25 million DIP loan from B. Riley unit as part of Chapter 11 proceedings

Tuesday Morning Corp. said Thursday it has obtained a commitment from a B. Riley Financial unit for $25 million of debtor-in-possession funding to support operations during Chapter 11 bankruptcy. The Dallas-based home furnishings retailer said the funding is part of its $100 million DIP agreement with existing lenders. The company is seeking to restructure under Chapter 11 after COVID-19-related store closures slammed its business. "This additional capital is an important milestone as it provides significant liquidity for us to continue operations throughout the reorganization process," Chief Executive Steve Becker said in a statement.

Yahoo | June 4, 2020

Tuesday Morning Corporation Secures $25 Million of Additional Financing to Support Financial and Operational Reorganization

With this commitment, the Company has secured commitments for a total of $125 million to support the continuity of operations during Chapter 11 proceedings. As previously announced, due to the immense strain the COVID-19 pandemic and related store closures put on the Company, Tuesday Morning is pursuing a financial and operational reorganization designed to allow the Company to reduce its outstanding liabilities and strengthen its overall financial position. On May 27, 2020, 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 to pursue this reorganization.

Yahoo | June 4, 2020

What Chapter 11 Bankruptcy Filings Mean For Investors

Tuesday Morning Corporation (NASDAQ: TUES) is taking the Chapter 11 route, in a retail sector beset by online competition and caution among consumers due to economic uncertainty.A slew of publicly listed companies have filed for Chapter 11 of late, including: * Hertz Global Holdings Inc (NYSE: HTZ) * J C Penney Company Inc (OTC: JCPNQ) * LATAM Airlines Group SA (NYSE: LTM) * Intelsat SA (OTC: INTEQ) * Akorn, Inc. (NASDAQ: AKRX) * Stage Stores Inc (OTC: SSINQ) * Windstream Holdings Inc (OTC: WINMQ)What Chapter 11 Means Chapter 11, or reorganization bankruptcy, is relief sought by a corporation or partnership wherein a plan of reorganization is proposed by the company to allow it to pay creditors over time in a bid to keep its business alive.It takes its name after U.S. bankrupt...

Yahoo | June 3, 2020

Parents flocked to Pottery Barn Kids and Teen during the lockdowns, driving Williams-Sonoma results

Williams-Sonoma credited its e-commerce capabilities and its Pottery Barn Kids and Teen business for better-than-expected results.

Yahoo | June 1, 2020

Off-price retailer Tuesday Morning files for bankruptcy, plans to close 230 stores

Dallas-based Tuesday Morning Corp. filed for bankruptcy on Wednesday saying the pandemic’s “forced prolonged closure” of its almost 700 stores put it into…

The Dallas Morning News | May 27, 2020

Coronavirus update: Global death toll climbs above 353,000; U.S. deaths surpass 100,000

The number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.

Yahoo | May 27, 2020

Tuesday Morning Files Chapter 11 and Will Close a Third of Stores

Home-furnishings retailer Tuesday Morning is seeking Chapter 11 protection from creditors due to the pandemic.

Yahoo | May 27, 2020


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