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BlueWaveNeverEnd

(15,245 posts)
Mon Feb 20, 2023, 06:03 AM Feb 2023

Dallas based home goods retailer Tuesday Morning closing half its stores nationwide [View all]

https://www.sfgate.com/local/article/tuesday-morning-closing-stores-17793941.php

A discount home goods retailer is closing the majority of its stores in California — and more than half of its locations nationwide — after filing for Chapter 11 bankruptcy protection last week.

It’s the second time Tuesday Morning has filed for bankruptcy protection in three years. Challenges from the pandemic including temporary closures and employee furloughs forced the Dallas-headquartered company to shutter more than 200 of its nearly 700 stores in 2020.

In a statement released Tuesday, CEO Andrew Berger said the company is still facing an “exceedingly burdensome debt” and needs to restructure and optimize its store footprint to retain a viable business. According to the company’s website, 263 of Tuesday Morning’s approximately 490 locations “in low-traffic regions” are slated for closure; 31 out of 37 stores in California are now expected to shutter.

Pending closures in the Bay Area include locations at Redwood Gateway in Petaluma, at San Marin Plaza in Novato and on Blossom Hill Road in San Jose. Other stores slated for closure statewide include those in Glendora, Clovis, Rancho Cucamonga, Redlands, Redding, Riverside, Fountain Valley, San Diego, Granada Hills, Carlsbad, Modesto, La Verne, Woodland Hills, Torrance, Camarillo, Chico, Palm Desert, Ventura, Citrus Heights, Lakewood, Bakersfield, Roseville, Folsom, Orange, Santa Monica and El Cajon.
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