The list of Alabama stores set to close includes locations in Birmingham, Decatur, Dothan, Gulf Shores, Hoover, Huntsville, Mobile and Northport. Will you miss Tuesday Morning?
Discount retailer Tuesday Morning filed for Chapter 11 bankruptcy Tuesday in what it said was an effort to “reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner.”
In a statement, the Dallas-based chain said it had secured $51.5 million in financing to support operations as it goes through bankruptcy. It also plans to close stores in what it describes as “low-traffic regions” while focusing on high-traffic areas. “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,” it said in a statement.
Tuesday Morning currently operates 487 stores in 40 states. Its website lists 267 stores slated for closure with going-out of business sales going on now.Birmingham – 5223 U.S. Highway 280Gulf Shores – 1720 Gulf Shores ParkwayHuntsville – 7900 Bailey Cove Road SE
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