Another Texas-based retailer files for Chapter 11 bankruptcy protection

Tuesday Morning Corp. (Nasdaq: TUES) filed voluntary petitions for Chapter 11 bankruptcy protection in response to the strain that the Covid-19 pandemic and related closure mandates have put on the company.

The main petition filed with the United States Bankruptcy Court for the Northern District of Texas in Dallas lists $92 million in total assets and $88.35 million in total debts as of April 30.

The Dallas-based off-price retailer of home goods plans to close about 230 of its 687 stores in a…