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Dallas – When the liquidation sales wrap up, Tuesday Morning will be working with a store base about the size of regional warehouse chain BJ’s Wholesale.
In papers filed with as part of a new Chapter 11 bankruptcy case, the company asked for relief from its lease restrictions and approval to begin shuttering store locations to generate cash flow. Store liquidator Gordon Brothers has been hired to handle the closings.
The 487-unit off-price home goods specialist is seeking to jettison more than 60% of its physical stores. After closing the 296 units identified in its filing, Tuesday Morning will be left with 218 doors.
That is roughly one-third of the 687 stores the company operated when it entered first Chapter 11 in May 2020. The retailer emerged from that bankruptcy reorganization in early 2021 with 490 units.
The closings are slated in 34 of the 40 states in which Tuesday Morning has stores. The cuts are heaviest in the company’s home state of Texas (24 units) and in Florida (23 units). The next highest number of closings are in North Carolina (17), Colorado (13) and Tennessee (10). All other states are closing fewer than 10 stores.
The company plans to conduct the liquidations over the coming 8 weeks.
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