Bankruptcy Blues: Retailer Liquidating All Stock and Equipment as 10 Stores in Virginia Close

Ash Jurberg

The ongoing financial issues of the discount retailer Tuesday Morning have led to them selling everything in the store- including fixtures and equipment.
Photo byAdobe

Last month I wrote an article about the discount retailer known as Tuesday Morning closing ten of its stores in Virginia.

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

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 ten in Virginia. In 2020, it closed eleven stores in Virginia.

Once these stores are closed, there will be just 215 left in the United States and only five remaining in Virginia. It is a sharp decline- Virginia will have gone from twenty-six Tuesday Morning stores to five 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 Virginia:

  • 11006 Warwick Boulevard, Warwick Village, Newport News, VA 23601
  • 118 West 21st Street, Norfolk, VA 23517
  • 12233 Jefferson Avenue, Jefferson Green Shopping Center, Newport News, VA 23602
  • 251 North Washington Highway, Ashland Hanover Shopping Center, Ashland, VA 23005
  • 2890 Prince William Pkwy, Smoketown Station, Woodbridge, VA 22192
  • 14613 Hancock Village St., Hancock Village, Chesterfield, VA 23832
  • 6140 Rose Hill Drive, Rose Hill Plaza, Alexandria, VA 22310
  • 6230 Rolling Road, West Springfield Shopping Center, West Springfield, VA 22152
  • 7101 Forest Hill Ave, The Shops at Stratford Hills, Richmond, VA 23225
  • 7043 Mechanicsville Turnpike, Hanover Village, Mechanicsville, VA 23111
  • 8371 Sudley Road, Manaport Plaza, Manassas, VA 20109
  • 9125 W Broad St, Broad Shopping Center, Richmond, VA 2329

The stores listed for closure above offered sales on all items, and savvy shoppers took advantage of this by snapping up bargains.

Everything is on sale

The website has now been updated to state that even the store fixtures and equipment can be bought. A banner is displayed advising customers to speak with the store manager.
Photo byScreenshot of Tuesday Morning website

It remains to be seen how much extra funds the business will gain from selling off fixtures and equipment. Customers buying merchandise on sale at Tuesday Morning stores closing due to bankruptcy should be aware that returns are not allowed.

There have been reports that other retailers such as TJ Maxx and Ross Dress for Less are eyeing off stores abandoned by Tuesday Morning, so perhaps they will be interested in purchasing the discounted equipment.

I will continue to update readers with any new developments in this story.

For the latest list of all stores closing in Virginia, please check out this article. To keep up to date with the latest retail developments but sure to follow me.

Your thoughts

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 Virginia? Should the government offer more financial support for struggling retail businesses? Are you hopeful that new retailers will take over the locations of stores that are closing?

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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