Tuesday Morning Filed for Bankruptcy
Posted on Tuesday, June 2nd, 2020 at 2:27 pm
Tuesday Morning was founded in 1974 by Lloyd Ross. He worked with big brands that had leftover inventory and nothing to do with it. He purchased their excess merchandise and sold it, garage-sale style, in a warehouse. It later developed into the Tuesday Morning stores, where people find amazing deals.
Unfortunately, Tuesday Morning has filed for bankruptcy. It began closing stores on June 1, 2020. Those stores include ones in 30 states. A total of 17 Tuesday Morning stores will close in California, and Florida will lose 16 Tuesday Morning stores. An additional 100 stores will close in a second round of closings after Tuesday Morning tries to renegotiate leases.
In a press release, Tuesday Morning said it would pursue financial and operational reorganization designed to all the company to reduce its outstanding liabilities and strengthen its overall position. These actions are due to the immense strain of the COVID-19 pandemic.
If you have recently purchased something from Tuesday Morning, you might be able to return it. Tuesday Morning’s website states: “You may return unused merchandise with the original receipt within 30 days of purchase. Merchandise must be in sellable condition with original packaging”. It should be noted that they are extending their current return policy by 45 days, after individual stores reopen due to COVID-19.
The Tuesday Morning website has sales on a variety of items, from crafting essentials, pool accessories, outdoor cushions and pillows, bath and body essentials, gourmet food, and more. All of them are 20% to 60% off the department store prices.