Beloved discount retailer faces significant bankruptcy risk

In rough economic times, discount retailers usually benefit. That has not uniformly been the case during the current period of economic struggles as some retailers that use a discount model have struggled.

You can’t blame inflation for the death of discounters/treasure hunt chains Tuesday Morning and Christmas Tree Shops, but overall economic conditions did not help either company. Both had a loyal clientele, but neither sold much in the way of essential merchandise. Read more at The Street.