Discount retailer Tuesday Morning, a business based in Texas, is closing hundreds of stores, including all three locations in Houston. Now they are even selling store fixtures and equipment.
Last week I wrote an article about the discount retailer known as Tuesday Morning closing four of its stores in Houston, Texas.
All items were on sale, but now there is a new development with the company literally selling everything in the store- including fixtures and equipment.
Let's take a look at the story.
Tuesday Morning was founded in Texas in 1974. Several years ago, it had 687 stores across the United States, but it has faced many financial issues since then. Last month the company filed for bankruptcy in the Northern District of Texas, Fort Worth division. It was the second bankruptcy filing for the company in three years.
At the time of the filing, it also announced it would close over half of its stores, including 24 in Texas and four of its stores in Houston. Once these stores are closed, there will be just 215 left in the United States. In 2020, Tuesday Morning closed twelve stores in Texas.
In announcing the latest round of store closures, the company stated it would:
“Enable the company to reduce its outstanding liabilities, obtain the significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner.”
Tuesday Morning stores closing in Houston:
- Weslayan Plaza West, 5442 Weslayan Street, Houston, TX 77005
- Westhill Village, 7525 Westheimer, Houston, TX 77063
- Westheimer Commons, 12568 Westheimer Road, Houston, TX 77077
The store at Shepherd Plaza, 2183 Portsmouth Street, Houston, TX 77098, has already closed.
The stores listed for closure above offered sales on all items, and savvy shoppers took advantage of this by snapping up bargains.
Everything for sale
Now the website has been updated to state that even the store fixtures and equipment can be bought, advising customers to speak with the store manager.
It remains to be seen how much extra funds the business will gain from selling off fixtures and equipment, and customers buying merchandise on sale at Tuesday Morning stores closing due to bankruptcy should note that returns are not allowed.
There have been rumors that other discount retailers, such as TJ Maxx and Ross Dress for Less, may take over the stores left vacant by retailers closing their doors across the U.S.
I will continue to update readers with any new developments in this story.
For the latest list of all stores closing in Texas, please check out this article. To keep up to date with the latest retail developments but sure to follow me.
Do these store closures affect you? Are you concerned about the number of stores closing in Texas and the loss of jobs? Will you visit one of these stores to find a bargain? Should the government offer more financial support for struggling retail businesses?
Please leave your thoughts in the comment section below and share this article on social media so more people can join the discussion.
Comments / 6