Chicago — Going out of business sales have begun at all of Tuesday Morning’s approximately 200 stores in 25 states. This news follows the recent bankruptcy filing by Bed Bath & Beyond, less than 10 days prior. According to CNN, Tuesday Morning’s first bankruptcy happened in May 2020, during the height of the COVD-19 pandemic. Select fixtures, furnishings and equipment will also be available for sale in closing locations. Gift cards will be honored through May 13, 2023. Merchandise purchased prior to April 28, 2023, may be returned within 14 …
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Dallas — Tuesday Morning Corp., an off-price retailer of home goods and décor, is pursuing a financial and operational reorganization by filing voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division. Invictus Global Management, LLC (together with its affiliates, “Invictus”) will provide $51.5 million of debtor-in-possession (DIP) financing to support ongoing operations during the proceedings. “After considering how best to address Tuesday Morning’s exceedingly burdensome debt, we have determined that the best path …
Dallas — Tuesday Morning Corp. has filed for Chapter 11 bankruptcy protection. The Dallas-based retailer says the actions are in response to “the immense strain the COVID-19 pandemic and related store closures have put on the business.” Tuesday Morning is a discount home furnishings chain. The company opened its first store in 1974 and currently operates 687 stores in 39 states. The retailer expects to permanently close approximately 230 stores to focus on high-performing locations. The phased store closures will take place this summer. After closing all stores and furloughing …
Paramus, N.J. — Tuesday Morning, a national off-price retailer of home accessories, housewares, seasonal goods and gifts, recently celebrated its grand opening at Paramus Place in Paramus. The 261,000-square-foot Bergen County shopping center is exclusively leased and managed by Levin Management.