The ongoing financial issues of the discount retailer Tuesday Morning have led to them selling everything in the store- including fixtures and equipment.
Last month I wrote an article about the discount retailer known as Tuesday Morning closing eleven of its stores in Arizona.
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 ongoing 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; 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 eleven in Arizona. This follows the closing of a store in 2020.
Once these stores are closed, there will be just 215 left in the United States and only seven remaining in Arizona. It is a sharp decline- Arizona will have gone from nineteen Tuesday Morning stores to seven in just three years.
In announcing the 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 Arizona:
- Glendale: Arrowhead Plaza, 20165 N. 67th Ave., #118
- Phoenix: Bell Towne Plaza, 245 E. Bell Road, Suite 26; Village Square II, 4643 Cactus Road
- Tucson: Broadway Wilmot, 6228 E. Broadway Blvd., Suite 150; Ventana Village Shopping Center, 6884 East Sunrise Dr., Unit 150
- Avondale: Gateway Village, 10273 W. McDowell Rd.
- Peoria: Lake Pleasant Towne Center, 10096 West Happy Valley Rd.
- Chandler: Las Tiendas Village, 2815 South Alma School Rd, Ste 1
- Tempe: McClintock Fountains, 1840 E. Warner Road, Suite M‐2
- Mesa: Mesa Pavilions North, 6952 E. Hampton Ave.
- Scottsdale: Sonora Village, 15449 N. Hayden Rd, Ste 101
The stores listed for closure above offered sales on all items, and savvy shoppers took advantage of this by snapping up bargains.
Update: Everything is on sale!
The Tuesday Morning website has recently been updated to state that even store fixtures and equipment can be bought. A banner on the Closing Down page advises customers to speak with the store manager if they are interested.
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 should note that due to bankruptcy, returns are not allowed.
There have also been reports that other retailers, such as TJ Maxx and Ross Dress for Less, are eyeing stores abandoned by Tuesday Morning, so perhaps they will be interested in the discounted equipment on offer at these Arizona stores.
I will continue to update readers with any new developments in this story.
For the latest list of all stores closing in Arizona, 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? Will you visit one of these stores to find a bargain? Are you concerned about the number of retail stores closing in Arizona? Should the government offer more financial support for struggling retail businesses? Are you hopeful that new retailers will take over the locations of closing stores?
Please leave your thoughts in the comment section below and share this article on social media so more people can join the discussion.
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