Closure of 17 stores in North Carolina: a bankrupt retailer forced to sell everything, including the kitchen sink! | Ash Jurberg
Ongoing financial problems at the Tuesday Morning discount retailer led them to sell out everything in the store, including accessories and gear.
Photo by Adobe
Last month, I wrote about the discount retailer known as Tuesday Morning closing seventeen of its stores in North Carolina.
All items were on sale, but now there is a new development with the company selling literally 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 problems since then. Last month, the company filed for bankruptcy; it was the company’s second bankruptcy filing in three years.
At the time of filing, it also announced it would be closing more than half of its stores, including seventeen in North Carolina. It also closed a store in North Carolina in 2020.
Once those stores close, there will be only 215 left in the United States and just seven in North Carolina. That’s a big drop – North Carolina will have gone from twenty-five Tuesday morning stores to seven in just three years.
In announcing the store closures, the company said it:
“Enable the business to reduce its outstanding debt, secure significant and needed capital, and ultimately transform itself into a more agile retailer that serves heritage markets profitably.”
Tuesday morning store closures in North Carolina:
1297 Buck Jones Road, South Hills Mall, Raleigh, NC 2760613200 New Falls Of Neuse Road, Wakefield Crossing Mall, Raleigh, NC 276141491 East Franklin Boulevard, Akers Mall, Gastonia, NC 280541595 Beaver Creek Commons Dr, Beaver Creek Crossing South, Apex, NC 275025426 New Hope Commons Dr., New Hope Commons Mall, Durham, NC 277071947 North Peace Haven Road, Whitaker Square, Winston-Salem, NC 271062442 Park Road, Park Square, Charlotte, NC 282032900 Arendell Street, Morehead Plaza, Morehead City, NC 285573716 West WT Harris Boulevard, Cheshire Place, Charlotte, NC 28269404 E Six Forks Road, Creekside Crossing Shopping Center, Raleigh, NC 276095050 S Croatan Hwy, Outer Banks Mall, Nags Head, NC 27959703 Greenville Boulevard, Greenville Square, Greenville, NC 27858774 East King Street, Boone, NC 286078111 Creedmoor Road, Brennan Station, Raleigh, NC 276139945 E Independence Blvd, Windsor Square, Matthews, NC 2810514151 Steele Creek Road, Rivergate Shop ping C enter, Charlotte, NC 282733726 Battleground Avenue, Battleground Plaza, Greensboro, NC 27410
The stores listed above for closure offered sales on all items, and savvy shoppers took the opportunity to grab some bargains.
Everything is on sale
When the company says everything is for sale, they really mean it. The website has now been updated to show that even accessories and gear from the store can be purchased.
A banner appears on the Closing sales page advising customers to speak with the store manager about accessories and equipment for sale.
Photo by Screenshot of the Tuesday morning website
It remains to be seen how much additional funds the company will earn by selling accessories and equipment and whether that will save the remaining seven stores in North Carolina.
Customers buying merchandise on sale from Tuesday morning stores that are closing due to bankruptcy should be aware that returns are not permitted.
It’s been reported that other retailers such as TJ Maxx and Ross Dress for Less are looking at abandoned stores on Tuesday morning, so maybe they’ll be interested in buying the discounted gear.
I will continue to update readers on any new developments in this story.
For the latest list of all stores closing in North Carolina, please see this article. To keep up to date with the latest retail developments, but be sure to follow me.
Are these store closures affecting you? Will you visit any of these stores to find a bargain? Are you concerned about the number of retail stores closing in North Carolina? Should the government offer more financial support to struggling retailers? Are you hoping for new retailers to take over the locations of stores that are closing?
Please leave your thoughts in the comments section below and share this article on social media and with others so more people can join the discussion.