Tuesday Morning Is Going Out of Business and Closing All Stores
The remaining 200 locations will soon hold closing sales.
Discount retailer Tuesday Morning has been on thin ice for several months now. In February, the home goods store announced that it had filed for Chapter 11 bankruptcy and would be closing over half of its stores. Executives hoped Tuesday Morning would "emerge as a stronger retailer," but even at a smaller size, the company can no longer stay afloat. Yesterday, Tuesday Morning confirmed it is going out of business and closing all 200 of its remaining stores. Read on to find out when your local store will be shutting its doors for good.
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The company will soon begin the liquidation process.
On April 27, Tuesday Morning Corp., which is based in Texas, was officially sold to Hilco Merchant Resources, The Dallas Morning News reported. Judge Edward L. Morris, of the Fort Worth division of the U.S. Bankruptcy Court for the Northern District of Texas, approved the sale, with Hilco shelling out over $32 million for the company.
While there were hopes that some potential new openers would keep Tuesday Morning stores open, Hilco will now oversee the liquidation of all remaining locations, per The Dallas Morning News.
Best Life reached out to Tuesday Morning for comment on its future, but has not yet heard back.
Tuesday Morning has closed over 250 stores so far this year.
Tuesday Morning was actively closing stores late last year, and after filing for bankruptcy in February (for the second time in the past three years), the retailer published a list of another 263 locations on the chopping block.
Of the 38 states affected, California was hit the hardest, losing all 31 of its Tuesday Morning stores, followed closely by Florida and Texas, both of which said goodbye to 24 Tuesday Morning stores each. Seventeen stores closed in North Carolina, while all 16 stores closed in Colorado.
The retailer still has stores in 25 states.
Roughly 200 Tuesday Morning stores remained open after the first round of closures, but all of these are now slated to shut down, too, per The Dallas Morning News. The outlet also reported that stores will be holding going-out-of-business sales soon.
According to Tuesday Morning's website, as of right now, stores remain open in Alabama, Arkansas , Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Mississippi, North Carolina, North Dakota, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Virginia.
Shoppers in Tuesday Morning's home state of Texas are losing the most locations by far, as 59 stores will soon close. It's not yet clear when stores will start closing down, or what closing sales will entail.
Bed Bath & Beyond is also going out of business.
Tuesday Morning isn't alone in closing all locations, as Bed Bath & Beyond is also soon shutting down completely.
Like Tuesday Morning, Bed Bath & Beyond tried to keep business up and running, but it was forced to file for Chapter 11 bankruptcy this week. As a result, the company is closing all 360 Bed Bath & Beyond stores and 120 buybuy Baby stores. According to the Chapter 11 filing, the retailer expects all stores to close for good by June 30.
"Millions of customers have trusted us through the most important milestones in their lives—from going to college to getting married, settling into a new home to having a baby. Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy Baby," Bed Bath & Beyond Inc. President Sue Grove said in a statement. "We deeply appreciate our associates, customers, partners, and the communities we serve, and we remain steadfastly determined to serve them throughout this process."