Tuesday Morning set to close all remaining stores after filing for bankruptcy twice in 3 years
Tuesday Morning said in a Facebook post it is gearing up to close all of its stores across the US.
Customers can redeem their gift cards through May 13.
The home goods retailer filed for bankruptcy earlier this year after it faced numerous struggles.
Goodbye, Tuesday Morning.
The struggling home goods retailer, which filed for bankruptcy in February, announced over the weekend that it had "begun the process of closing all our stores."
"Our Going Out of Business Sale is in stores now, with savings up to 30% off," the retailer wrote in a Facebook post. "Thank you for 49 years of loyalty and support."
When Tuesday Morning filed for bankruptcy on February 14, it said it wanted to close 265 stores across the US, or more than half of all of its 487 stores. Now the retailer is shuttering all its locations.
The company did not explicitly say when it will close its doors for good, but noted in its Facebook post that it will accept Tuesday Morning gift cards through Saturday, May 13.
The Dallas-based company sells home goods ranging from rugs to furniture to bed sheets in an off-price format, similar to the model used by Ross and T.J. Maxx.
But Tuesday Morning has been hit particularly hard by inflation and supply-chain costs, the Wall Street Journal previously reported.
And Tuesday Morning has been facing numerous challenges over the years. The chain also filed for bankruptcy in 2020, when it drew down its store network from around 700 to its current 487.
Tuesday Morning isn't the only retailer shuttering stores this year. An Insider tally of announcements by major retailers in 2023 finds that more than 2,000 stores set to close across the US. Bed Bath & Beyond leads the list of retail closures, as the home goods company filed for bankruptcy last month and is on track to close to about 900 stores this year.
Read the original article on Business Insider
