Tuesday Morning Shuts Doors Amid Retail Bankruptcies

After declaring bankruptcy twice in as many years, discount retailer Tuesday Morning is folding.

“Starting today, we have begun the process of closing all our stores,” the company said in a weekend Facebook post. “Our Going Out of Business Sale is in stores now, with savings up to 30% off. Thank you for 49 years of loyalty and support.”

Tuesday Morning has hundreds of stores across the United States, primarily concentrated in its home state of Texas. PYMNTS reached out to the company for additional comment but has not yet received a reply.

Tuesday Morning filed for bankruptcy in February in a bid to shrink its “exceedingly burdensome” outstanding liabilities, obtain capital and “transform into a nimbler retailer that serves heritage markets in a profitable manner,” per a company news release at the time.

“We look forward to taking steps that enable us to emerge as a stronger retailer that draws on a legacy of offering a unique off-price value proposition to our loyal customer base,” Tuesday Morning CEO and Director Andrew Berger said in the release.

At the time, the company had planned to shutter stores in low-traffic areas while shifting resources to higher-traffic areas and pivoting to a third-party logistics model.

Tuesday Morning had previously filed for bankruptcy in May 2020 after having to close its retail locations due to the pandemic while facing a deadline to pay back debts.

The retailer did not have an eCommerce presence and had furloughed much of its 9,000-person workforce in April 2020. Tuesday Morning emerged from bankruptcy six months later and relisted on Nasdaq in May 2021.

The company’s closure comes just days after another retail collapse, that of Bed Bath & Beyond (BBBY), which declared bankruptcy last month as it prepares to close 360 stores as well as 120 buybuy Baby locations and its website.

Several other sellers of home goods, baby items and registries have since made moves to entice BBBY’s customers.

For example, The Container Store said last week it was offering a discount through May 31 to customers who bring in “a competitor’s blue coupon.”

Also declaring bankruptcy last month was David’s Bridal, which said it would have to close its doors if it couldn’t find a buyer.

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