Another company has announced it will go out of business and close about 200 stores.
The discount retailers Locations in 25 states will be affected by the closure decision and the time to use gift cards you may be holding on to is coming to an end.
The move came as a business, like many other retailers, large and small, it dealt with financial struggles tied to high inflation and a change in consumer shopping habits.
Here’s what you need to know about them store closures and deals that the retailer is currently offering.
SALES AND OFFERS
Per Tuesday Morning websitea blowout coming from business sales is present at present.
Customers can take advantage of up to 30 percent off the lowest marked price on and use Store items gift cards or merchandise return cards before May 12th.
The sale and steep discounts are available across all product categories, including bed, bath, and kitchenware.
It is unclear exactly when the shops will finally close. Shop hours vary by location. So if you are planning to go here, a List of full store locations and hours of operation.
FIGHT TUESDAY MORNING
The retailer announced a restructuring earlier this year and filed voluntary petitions for protection under Chapter 11 of the US bankruptcy law.
In 2020, it filed for bankruptcy for the first time, which meant that 230 of its branches had to be permanently closed.
At the time, Tuesday morning cited the COVID-19 pandemic and said the closures were caused by an “insurmountable financial hurdle”.
In its most recent bankruptcy filing, it named liabilities and assets ranging from $100 million to $500 million.
But Tuesday Morning is just one brand in a growing list of retailers that have failed to keep up with changing shopping habits.
It is the second major homewares retailer to go bust in the US this year.
It comes after the announcement that bed bath and beyondwhich sells many of the same products as Tuesday Morning, filed for Chapter 11 bankruptcy last month.
As the US Sun previously reported, the chain is there 360 remaining locations closes forever on June 30th.
Liquidation sales are currently ongoing with many items discounted by up to 40 percent.
Coupons are no longer valid and items purchased during the sale cannot be returned.
This was announced by the chain’s co-founder, Warren Eisenberg The Wall Street Journal in January of this year: “We missed the connection on the Internet.”
The news is the same at the retailer’s sister store, buybuyBaby, which has 120 remaining stores due to closing June 30th.
But the so-called “Retail Apocalypseaffects businesses of all shapes and sizes.
party town has also closed locations across the country as it also struggles through bankruptcy.
Here’s more about the announcement that Jennie Craig is closing its store in the US and Canada, requiring the closure of 500 physical locations.