Tuesday Morning, the beleaguered discount home goods retailer, will shutter more than half of its stores nationwide after filing for Chapter 11 bankruptcy protection on Feb. 14.
The Dallas-based company confirmed that it will shutter 263 stores that are situated mainly in “low-traffic regions.” Tuesday Morning operates 487 stores with approximately 1,600 full-time and 4,700 part-time employees.
“The company believes this targeted approach to winding down unprofitable and underperforming stores will position Tuesday Morning to emerge from bankruptcy with a profitable, cash-generating store fleet that serves its most engaged and loyal customers,” Tuesday Morning said in a statement.
In May 2020, Tuesday Morning filed for Chapter 11 and closed roughly 200 stores amid the coronavirus pandemic….