More than half of Tuesday Morning home goods stores nationwide will close this year in a move announced just a month after the company filed for bankruptcy.
The closures will affect some 263 stores in 38 states and closure sales are currently underway.
The closings come after the company filed for Chapter 11 bankruptcy on February 14 in Fort Worth, Texas.
Chapter 11 bankruptcy allows the company to reorganize its business structure and debts and go private.
In February, officials said its bankruptcy filing “would allow the company to reduce its outstanding liabilities, raise significant and needed capital, and ultimately transform itself into a more agile retailer.”
Home Goods plans to close nearly half of its Tuesday Morning stores across the country in a move announced just a month after the company filed for bankruptcy.
This map illustrates the states that will see the closure of one or more Tuesday mornings
Closings will affect 263 stores in 38 states and closing sales are currently underway
The states affected by the closures and the number of stores closing by state can be found below:
- ala (10)
- Arkansas (2)
- Arizona (11)
- California (31)
- red (16)
- Delaware (2)
- Florida (24)
- Georgia (12)
- iowa (3)
- Idaho (1)
- Illinois (5)
- Indiana (5)
- Kansas (1)
- Kentucky (6)
- Louisiana (2)
- Maryland (8)
- Michigan (3)
- minnesota (3)
- Missouri (4)
- Mississippi (2)
- North Carolina (17)
- Nebraska (1)
- New Jersey (1)
- New Mexico (2)
- Snowfall (4)
- New York (3)
- ohio (7)
- oklahoma (2)
- Oregon (6)
- Pennsylvania (6)
- South Carolina (6)
- South Dakota (1)
- Tennessee (10)
- Texas (24)
- Utah (4)
- Virginia (12)
- washington (4)
- Wisconsin (2)
In its websitehome decor retailer shares exact locations closing across the US
“Everything on sale,” announces the company. ‘Shops closing. Save big with our original low prices.’
Tuesday morning representatives said in their February bankruptcy filing that the closures will allow them to focus all their energy on their highest-traffic locations.
“The company believes that this targeted approach to liquidating unprofitable and underperforming stores will position Tuesday Morning to emerge from bankruptcy with a fleet of profitable, cash-generating stores that serve its most engaged and loyal customers,” the company said. SECOND presentation states.
The closings take the store countdown from 478 to 215 now.
“After considering how best to address the excessively burdensome debt on Tuesday morning, we have determined that the best path to reorganize and transform the company begins with a Chapter 11 filing,” Chief Executive Officer Andrew Berger said in February.
“We look forward to taking steps that will allow us to emerge as a stronger retailer that builds on a legacy of offering a unique value proposition to our loyal customer base,” Berger continued.
If the company meets all of the Chapter 11 bankruptcy filing requirements, it plans to go private in September.
According Retail ImmersionA&G Real Estate Partners will auction all 263 locations.
However, this is not the company’s first bankruptcy filing.
In March 2020, Tuesday Morning filed for bankruptcy and later closed hundreds of stores during the COVID-19 pandemic.
Before that, the company had operated around 700 locations.
The closures come as other major retailers including JCPenney, Walmart, Best Buy, Bed Bath & Beyond, Macy’s, Party City and more have announced they will close stores this year.
According to Retail Dive, A&G Real Estate Partners will auction all 263 locations
Tuesday morning representatives said in their February bankruptcy filing that the closures will allow them to focus all their energy on their highest-traffic locations.
A Tuesday morning store in Greenlawn, New York, seen with ‘closing store’ signs in February
Home goods giant Bed Bath & Beyond plans to close 416 of its stores this year as the struggling retailer struggles to stay afloat
While some stores like Bed Bath & Beyond hope to avoid bankruptcy, Walmart officials said they are only closing underperforming locations.
This graphic shows some of the companies that plan to close stores throughout 2023
Party City stores continue to announce closures as industry fights hit America’s big retailers.
The iconic Macy’s department store is also among those to announce closures for this year, as it will close four stores in California, Colorado, Hawaii and Maryland.
GAP, the parent company of Old Navy and Banana Republic, has said it will close 350 locations by the end of 2023.
Bed Bath & Beyond announced it would also close hundreds of stores this year in an effort to avoid bankruptcy.
The retailer once owned more than 1,500 stores across the United States, but a recent purge has seen it end the year with just 480.
Walmart officials said they are only closing underperforming locations.
