Thursday, July 23, 2020

[UPDATE] More Georgia Tuesday Morning Stores to Close

Bankrupt retailer Tuesday Morning recently revealed the "second phase" of stores it plans to close as it navigates bankruptcy and hopes to remain a going concern.  After filing for Chapter 11 bankruptcy in May, the company indicated it planned to close more than 200 of its nearly 700 stores nationwide.  The company claimed the stores it planned to close were both under-performing and close to other existing Tuesday Morning locations.  The initial list included about 130 stores, of which eight were in Georgia.  The new list, revealed within the past few days, includes another 66 stores, of which three are in Georgia.  
The second wave of closures in Georgia includes a pair of metro Atlanta locations, as well as third store in Newnan.  The new metro Atlanta closures are both in Marietta, one on Barrett Parkway in Towne Center Prado, the other on Dallas Highway in Village Green shopping center.  The Newnan location is situated in Newnan Pavilion, a shopping center along busy Bullsboro Drive.  

Liquidation sales are ongoing at most of the previously announced closing stores with savings of as much as 70%.  Some stores, like the one in Interlochen Village on Peachtree Parkway in Peachtree Corners, have already closed.  Store associates tell ToNeTo Atlanta that sales at the remaining locations are expected to continue through the weekend at which point they will close for the last time.  

Stores announced to be closing in the second phase are currently offering all in-stock merchandise at 10-30% off.  

Tuesday Morning spent big when it relocated stores in Brookhaven, Vinings and East Cobb, among others, to higher profile, more expensive spaces, where sources tell ToNeTo Atlanta their return on investment was not always what they had hoped.  All three were among the stores the company announced would be closing in their original announcement.  Although the effects of COVID-19 surely played a part in the company's need to declare bankruptcy and close hundreds of stores, real estate observers agree that Tuesday Morning's push into higher profile spaces was likely an ill-advised move that also contributed to their current troubles.  

Founded in 1974, Tuesday Morning originally was only open for about half of the year.  The chain subsequently adopted more typical operating hours to better compete with brick and mortar rivals like HomeGoods and Pier 1 Imports.

The chain hopes to exit bankruptcy in the fall with about 450 locations including those on Montreal Road in Tucker, Roswell Road in Sandy Springs, Holcomb Bridge Road in Roswell, State Bridge Road in Alpharetta, Scenic Highway in Snellville and Lower Roswell Road in East Cobb, among other locations in metro Atlanta.   

Have you visited any of the closing Tuesday Morning stores?  Where is your favorite place to shop for home goods and accessories?  What would you like to open in place of the closing Tuesday Morning stores?

Please share your thoughts below  


Anonymous said...

Sad more Tuesday Morning stores are closing. Glad Northlake isn't on the list. Really starting to wonder what retail stores will left when this pandemic is over.

Anonymous said...

Glad the Town Center Prado one is closing. It's a cesspool.

Anonymous said...

Good riddance reseller of overpriced chinese made useless stuff.

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