Tuesday Morning drops after report says co mulling bankruptcy
20/07/2022 20:44
** Shares of discount retailer Tuesday Morning Corp TUEM.O
plunge 26% to 21 cents
** Co exploring second bankruptcy in less than two years,
Bloomberg News reports, citing people with knowledge of the
matter (https://bloom.bg/3ITNygb)
** TUEM has been driven to bankruptcy discussions because of
supply chain snags and inflation, report says
** First filed for bankruptcy in May 2020 as the COVID-19
pandemic forced store closures
** YTD, TUEM stock has lost over 91%
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com;))