Beloved retailer and rival to Dollar Tree continues liquidation sales at remaining 200 stores
LIQUIDATION sales are underway as a major retailer prepares to shut down all 200 stores nationwide.
Shoppers can score bargains of up to 30 percent off as the bankrupt store sells off its entire stock.
1 Liquidation sales are underway at Tuesday Morning Credit: Getty
Tuesday Morning is holding a going-out-of-business sale right now as the bankrupt company prepares to shutter its 200 remaining stores.
Products across all departments - such as bed, bath, and kitchen - are marked down as much as 30 percent off.
Meanwhile, time is running out to spend your gift cards.
The last date these will be accepted is Friday, May 12.
Tuesday Morning, which has been in business since 1974, announced earlier this week that it was going bust and closing all stores.
The company’s leaders previously revealed in February it was facing serious issues and had to restructure because of its "exceedingly burdensome debt," CNN reported.
Tuesday Morning said temporary closures in 2020 due to the pandemic had created an "insurmountable financial hurdle.”
The store had no online presence at the time and was hit hard when consumers moved away from brick-and-mortar shopping.
But Tuesday Morning is just one brand among a growing list of retailers that were unable to keep up with changing shopping habits.
EVERYTHING MUST GO
Bed Bath and Beyond, which sells many of the same products as Tuesday Morning, filed for Chapter 11 bankruptcy last month.
The chain’s 360 remaining locations will close for good June 30.
Liquidation sales are currently underway with many items marked down by 10 to 20 percent.
Coupons are no longer valid and any items bought during the closing-down sales are not eligible for return.
The chain’s co-founder Warren Eisenberg told The Wall Street Journal in January this year: “We missed the boat on the internet.”
It’s the same story over at sister store buybuyBaby, which has 120 remaining stores due to shutter June 30.
But the so-called “retail apocalypse” is affecting shops of all shapes and sizes.
Earlier this week, Jenny Craig announced it is closing down its business in the U.S. and Canada, with 500 physical locations to shutter.
And David’s Bridal looks likely to close around 300 nationwide stores after filing for Chapter 11 bankruptcy in April.
Source: The US Sun
