Video: A few shots are taken on May 27, 2020, of the Tuesday Morning headquarters in Dalla, Texas, and its brick-and-mortar store in Plano, Texas. (Video by Dan Tian/Xinhua)
"The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business," says the company's CEO Steve Becker.
HOUSTON, May 28 (Xinhua) -- U.S. off-price retailer Tuesday Morning has filed for bankruptcy protection amid the COVID-19 pandemic, the company said Wednesday.
In a news release, the company said the immense impact of COVID-19 forced prolonged closure of its entire store portfolio, creating an insurmountable financial hurdle.
Photo taken on May 27, 2020, shows Tuesday Morning Headquarters in Dallas of Texas, the United States. (Photo by Dan Tian/Xinhua)
The company also said it will close around 230 of its 687 stores, with a phased approach, to focus on high-performing locations.
"The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business," said the company's CEO Steve Becker.
Photo taken on May 27, 2020 shows a Tuesday Morning store in Plano of Texas, the United States. (Photo by Dan Tian/Xinhua)
Based in Dallas, Texas, Tuesday Morning Corporation is one of the original off-price retailers specializing in name-brand, high-quality products for the home at prices generally below those found in boutique, specialty and department stores, catalogs and online retailers. The company opened its first store in 1974 and currently operates 687 stores in 39 states. ■
