Tuesday Morning To Close 230 of its stores

Posted in: Madison Park

LETTER TO OUR CUSTOMERS

 

To our customers,

I hope you are healthy and safe during these extraordinary times and I want to express my sincere thanks to you. Your dedication to the treasure hunt in our stores has fueled our passion to find incredible deals for the past 46 years. I am humbled by the loyalty you have shown us as we’ve grown from a garage pop-up shop to a beloved brand.

The COVID-19 pandemic forced us to close our doors for an extended period and placed immense strain on our business. As a result, we have announced we are pursuing a financial and operational reorganization designed to strengthen our financial position. To achieve this, we filed for Chapter 11 bankruptcy protection. While these actions were previously unexpected, we are confident they will allow us to sustain our business for long-term success.

Tuesday Morning will continue to do business throughout the process and beyond. This will not impact our ability to continue re-opening stores that were closed due to COVID-19, as planned and as state and local mandates allow. Our associates are returning to work to offer you the unique, quality finds you have always come to us for.

We plan to emerge from the Chapter 11 process in early fall 2020. You can read the press release, which is available here for additional details.

Finally, as part of this reorganization, we reviewed our entire store and distribution footprint and made the difficult decision to close a number of underperforming stores permanently, which will happen over the summer. This process will allow us to focus our resources on our highest performing stores in our most productive markets. This means we can provide greater value to you by sending the best deals to a smaller number of stores. You can check for updates on the status of your local store on the Tuesday Morning website.

I know this has been a challenging time for all, and I thank you for your continued support of Tuesday Morning.

We look forward to serving you for decades to come.

 

Steven R. Becker, CEO

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