NEW YORK (AP) — Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.
As part of the bankruptcy reorganization, the Dallas-based chain said Wednesday it plans to close approximately 230 of its 687 stores over the summer to focus on high-performing locations and will do so with a phased approach.
The company's CEO, Steve Becker, blamed the company's misfortune on the coronavirus closures.
“The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business," he said. "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. 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.”
Tuesday Morning joins J.C. Penney, luxury department store chain Neiman Marcus, J.Crew and Stage Stores in filing for Chapter 11 since the pandemic that forced many stores selling non-essential goods to close resulting in evaporating sales.
A first wave of closures includes 133 stores in the following locations:
Cullman, Gadsden, Montgomery
Conway, Little Rock
Aliso Viejo, Culver City, Elk Grove, Estero, Eureka, Fresno, Monterey, Pasadena, Placentia, Pleasanton, San Clemente, San Luis Obispo, Thousand Oaks, Westchester, Vacaville, Visalia
Apopka, Boca Raton, Coral Springs, Daytona Beach, Hollywood, Kissimmee, Largo, Naples, Orange Park, Pembroke Pines, Royal Palm Beach, St. Petersburg, Tequesta, West Palm Beach
Atlanta, Canton, Columbus, Dunwoody, Fayetteville, McDonough, Norcross
Idaho Falls, Pocatello Illinois Downers Grove, Napierville, Wheaton
Bloomington, Indianapolis, Merrillville
Manhattan, Topeka, Wichita
Glen Burnie, Salisbury, Towson
Chesterfield, St. Louis
East Hanover, Middletown, Paramus, Ramsey, South Plainfield, Toms River, Watchung
Albany, Amherst, Victor
Columbus, Poland, Rocky River, Solon, Springdale
Harrisburg, Mechanicsburg, Pittsburgh, Pleasant Hills, Quakertown Wilkes Barre
Chattanooga, Knoxville, Nashville
Arlington, Austin, Clute, Dallas, Irving, Lufkin, Murphy, Pasadena, Richardson, San Antonio
Bailey’s Crossroads, Centreville, Christiansburg, Fairfax, Fredericksburg, Richmond, Stafford, Sterling, Vienna, Warrenton, Virginia Beach
Bellevue Federal Way, Lynnwood, Kirkland, Tacoma, Tukawila
Green Bay, Middleton