DALLAS — Tuesday Morning, the national retail chain specializing in gifts, home furnishings, housewares and other merchandise, is closing 230 of its 687 stores.
It's part of a bankruptcy reorganization and its means the Tuesday Morning stores near Greenwood Park Mall and Willow Lake on the Indianapolis north side, will shut down, as will a store in Bloomington.
In a statement, the Dallas-based company said the bankruptcy resulted from "the immense strain the COVID-19 pandemic and related store closures have put on the business."
According to the company, the reorganization will make it possible for Tuesday morning to "emerge as a stronger company by early fall 2020."
Tuesday morning closed all stores in March when COVID-19 restrictions wreaked havoc with the retail industry. Many stores have since reopened.
Steve Becker, Chief Executive Officer, stated, “The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business. 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 was founded in 1974.