Tuesday Morning shuts down, will close all stores; Here's what you should know
Nearly two years after filing for Chapter 11 bankruptcy, Tuesday Morning stores across the nation have started out-of-business sales.
The company, known for selling discounted home goods, announced on Monday, May 1, that it would shut down all stores. The out-of-business sales began on Monday, including at its store in Lubbock.
"Shoppers are encouraged to shop soon before it's too late," the release stated. "Take advantage of the new price reductions and bid farewell to this iconic retailer."
Gift cards will be useable through May 13. Merchandise purchased before April 28 can be returned within 14 days of the initial purchase with the receipt, and following the usual policies.
Shoppers could save up to 30% off of the lowest ticketed prices. The sale includes "discounted home décor for every room like bedding, bath, furniture, lamps, and kitchen. These sales also offer a large assortment of toys, pet supplies, luggage, beauty, crafts, seasonal decorations and much more," according to the release.
Select fixtures, furnishings and equipment will be for sale as well. All sales will be final during the closing sales.
When the company filed for Chapter 11 in 2020, CEO Steve Becker attributed the filing in part to the COVID-19 pandemic.
"Prior to the pandemic, we were gaining momentum in our merchant organization, growing our vendor base and improving brands, assortment and value for our customers, while investing in our technology and corporate leadership team," Becker said in the 2020 article. "However, the complete halt of store operations for two months put the company in a financial position that can be effectively addressed only through a reorganization in Chapter 11.”
The company closed 230 of its 687 stores in the summer of 2020 in the restructuring plan. More stores continued to close in the years since then.
This announcement comes two weeks after Bed Bath & Beyond filed for bankruptcy protection. Bed Bath & Beyond announced that store closing sales across all locations, including buybuy BABY locations, began on April 29.
This article originally appeared on Lubbock Avalanche-Journal: Out of business sales begin across Tuesday Morning stores
