50 Brands on the Brink of Declaring Bankruptcy

ADVERTISEMENT
ADVERTISEMENT

Tuesday Morning, a Dallas-based home goods store, has filed for Chapter 11 bankruptcy protection, marking the second time in three years. The first bankruptcy was filed in May 2020, during a difficult time due to the COVID-19 epidemic. The company's choice to file for bankruptcy again in February 2023 indicates that financial difficulties will persist, probably exacerbated by the pandemic's long-term impact and larger economic concerns. 

Tuesday Morning

It is because of the complexities of the retail market, Tuesday Morning wants to handle its financial challenges through reorganization. This decision highlights the ongoing challenges that certain organizations face in adapting to and recovering from ever-changing market conditions. Tuesday Morning's two bankruptcy in three years highlight the company's ongoing struggles, and the the severe obstacles in the retail sector's post-pandemic recovery.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Did you know...

  • Paper money is actually pretty heavy. One pound would be worth $454 in $1 bills. That means $1 million comprised solely of $100 bills would weigh over 20 pounds. Those suitcases filled with money in movies must be hefty to lug around all that paper money. If you plan on robbing a bank, you better bulk up!
  • There are over 1.6 million automated teller machines around the world. And that really does mean the entire world. There are even two ATMs on Antarctica at McMurdo Station operated by Wells Fargo. Friday is the most popular day that ATMs are used worldwide, and the average withdrawal is around $80.
  • Have you ever wondered who prints the most money? That would be Hasbro, as in the makers of Monopoly. Hasbro prints more Monopoly money in a given year than there is money in the entire world. Each set of the game comes with $20,580. Bet you didn’t know you had that much money lying around the house!
  • Want a money saving tip? Ditch credit and debit cards, and stick to carrying around cash. Studies show people spend between 12 – 18% more when using a plastic card as opposed to when paying for things in cash. If you physically have to dole it out, you’re much more aware that you are spending your hard-earned money!
  • The most expensive hotel room in the world (the Royal Penthouse Suite at the Hotel President Wilson in Geneva, Switzerland) costs $83,200 a night. That's $58 per minute for a stay! Good thing it has 12 bedrooms, 12 baths, a wraparound terrace, a Steinway piano, and an assigned private staff (including a chef)!