Tuesday Morning declared bankruptcy Wednesday morning. The off-price home decor store filed court proceedings, telling a judge its struggles before the pandemic hit only grew worse in recent months.
The company says it hopes to stay in business, but will close nearly a third of its locations this summer. Tuesday Morning currently operates five stores in Idaho, and two in Boise.
[Penney’s, Pier 1, Gordmans & more: chains shutter some stores – what we know now about local outlets]
According to bankruptcy documents reviewed by BoiseDev, two of those stores will close in the first wave. Store locations in Pocatello and Idaho Falls will close, starting as early as June 1. The company and its debtors said they looked at store profitability, sales trends, geography and the possibility of renegotiating leases as factors in the stores it chose to close.
The first wave includes 133 locations. Two stores in Boise, on Boise Ave. at Apple St., and on Milwaukee St. will remain open. Tuesday Morning did say in filings that up to 100 additional stores could close depending on attempts to renegotiate lease agreements.
Tuesday Morning joins other retailers like Pier 1, JCPenney, Neiman Marcus, and J Crew in bankruptcy court in the wake of the pandemic. So far, just Pier 1 announced it would totally shut down, including its Boise locations.
