Tuesday Morning closing 230 home stores, including in San Luis Obispo
Texas retailer Tuesday Morning will close its San Luis Obispo store as part of its Chapter 11 bankruptcy filed on May 27.
Tuesday Morning has a location at the Marigold Shopping Center on Broad.
In its court filing, the company has said it would shutter 230 of its 687 stores. The filing lists the locations that will be closed in a “first wave,” including 13 California stores.
San Luis Obispo’s 8100-square-foot store at 3680 Broad St. is on the list. The store is near to the former Michael’s location, now vacant, and a few storefronts down from Vons. Kimco Realty manages the center.
In court papers, Tuesday Morning said, “Due to the COVID-19 pandemic, the debtors have faced unprecedented challenges including rapidly declining sales at their retail locations.”
There are 133 stores expected to be closed beginning June 1 with a listing that includes San Luis Obispo. Ironically, the SLO store is still shuttered due to COVID-19 but will apparently have to open its doors for the expected closing sales event.
The company said before the bankruptcy filing that it had scheduled multi-state re-openings and is bringing associates back to work over the next few coming weeks.
In addition to SLO, store locations in California set to close in this first wave include Monterey, Fresno, Visalia, Thousand Oaks, Aliso Viejo, Pleasanton, Pleasant Hill, Santa Clarita, Culver City, Eureka, Union City, Placentia and Vacaville.
Tuesday Morning was launched in Dallas in 1974. The off-price retailer focuses on closeout home goods.
The unique name comes from founder Lloyd Ross, who said that’s when he held his first “garage sale.” The story has been told that Ross decided on Tuesday Morning as the company name because “it is the first positive day of the week.”
This story was originally published May 28, 2020 at 3:16 PM.