This home goods retailer is closing 132 stores, including two in Idaho
Tuesday Morning, which sells home decor products and furniture, has filed for Chapter 11 bankruptcy reorganization and plans to close 230 of its 687 stores.
According to a list published by Business Insider, 132 stores were listed for the first phase of closure, which begins on Monday, June 1.
Two Boise stores, at 301 N. Milwaukee St. and at 656 E. Boise Ave. are not on the first phase closure list. But two other stores, in Pocatello and Idaho Falls, are closing. The company also has a store in Coeur d’Alene, which will remain open.
The bankruptcy of Tuesday Morning, filed Wednesday, May 27, comes as several national retailers have filed for bankruptcy in the past few weeks, including Pier 1 Imports, JC Penney, J. Crew, True Religion and Nieman Marcus.
JC Penney has not yet announced which of its 240 stores will close. With its closures, JC Penney says it will have around 600 stores remaining.
In a news release, Tuesday Morning CEO Steve Becker said the unexpected closures of stores in response to COVID-19 had severe consequences on the business.
“Prior to the pandemic, we were gaining momentum in our merchant organization, growing our vendor base and improving brands, assortment and value for our customers, while investing in our technology and corporate leadership team,” Becker said. “However, the complete halt of store operations for two months put the company in a financial position that can be effectively addressed only through a reorganization in Chapter 11.”
Statesman reporter John Sowell contributed.
This story was originally published May 29, 2020 at 4:00 AM with the headline "This home goods retailer is closing 132 stores, including two in Idaho."
