Tuesday Morning identifies additional 22 retail stores to be closed

By Caroline Salls

Pittsburgh, Aug. 14 – Tuesday Morning Corp. has identified a “third wave” of stores that it plans to close, according to a notice filed Friday with the U.S. Bankruptcy Court for the Northern District of Texas.

Tuesday Morning said the third wave of closings will affect 22 of its retail locations.

The stores being closed are located in 13 different states, including Texas, New Jersey, North Carolina, Florida, Michigan, California, Iowa, Indiana, Georgia, Colorado, Ohio, New York and Illinois.

In June, the company obtained court approval to conduct store-closing sales at 132 locations in a first closing phase. The second wave of closings involved 66 locations.

Following a store-by-store analysis, Tuesday Morning said it expects to close 230 of its 687 stores to focus on high-performing locations under a phased approach. The store closure process will take place over the summer.

Great American Group, LLC will conduct the store-closing sales in exchange for a fee of 1.5% of all gross proceeds from merchandise sold and 15% of gross proceeds from the sale of furniture, fixtures and equipment.

Tuesday Morning is a discount, off-price retailer based in Dallas. The company filed bankruptcy on May 27 under Chapter 11 case number 20-31476.

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