This week it was announced that the discount retailer named Tuesday Morning would close two of its stores in New Mexico. Tuesday Morning is a household merchandise discount store, priced below department and specialty stores. It opened its first store in 1974 and offers a wide range of home goods at low prices.
The struggling business filed for bankruptcy this week for the second time in three years and has been forced to close more than half of its 487 stores across the United States, including two in New Mexico.
The filing states the company "has too many stores and stores in unprofitable locations.” Before its first bankruptcy filing three years ago, the company had 687 stores, post this bankruptcy, it expects to operate about 200 stores.
In a statement from the company, Tuesday Morning executives said the business will "emerge as a stronger retailer that draws on a legacy of offering a unique off-price value proposition to our loyal customer base."
However, there is some good news for shoppers as the store's closing has listed everything within the store on sale, allowing shoppers to take advantage of significant savings.
Items are only on sale at the stores below. No closing date has been announced, so if you want a bargain, you will need to act quickly.
Tuesday Morning stores closing in New Mexico:
- 3553 Zafarano Drive, Plaza de Santa Fe II, Santa Fe, NM 87507
- 10420 Coors Bypass NW, Cottonwood Corners, Albuquerque, NM 87114
It is hoped that all the other Tuesday Morning in New Mexico can remain open.
Your thoughts
Did you shop at either of these two Tuesday Morning stores? Will these store closures in New Mexico affect you?
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