AFTER 21 years of serving the Modesto community, Tuesday Morning plans to close its store as part of its latest bankruptcy plan.
The Texas-based National home furnishings chain will also close an additional 31 stores across the state of California, as well as shutter slightly more than half of its stores nationally.
Over the last twenty years, many customers have flocked to the merchandise store, finding deals prices below other department and specialty stores.
Unfortunately, shoppers will have to turn elsewhere following the retailer's ongoing financial struggles.
The Modesto Bee reported that Tuesday Morning filed for bankruptcy back in May 2020, citing pandemic-related losses among the reasons.
In its latest Chapter 11 filing, the company considered a new restructuring plan.
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According to the plan, Tuesday Morning will close down “low-traffic regions while allocating the proper resources to remaining stores in high-traffic regions."
Tuesday Morning CEO Andrew Berger released a statement regarding the "exceedingly burdensome debt."
"We look forward to taking steps that enable us to emerge as a stronger retailer that draws on a legacy of offering a unique off-price value proposition to our loyal customer base," he explained.
The closure of the Modesto store, which fills 12,000 square feet, will leave considerable space in the shopping complex.
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Shoppers are still able to take advantage of closing sales as the store is not set to officially close until March.
Tuesday Morning is not the only victim of the so-called "retail apocalypse."
More brick-and-mortar stores have been shuttering locations across the country as shopper preferences turn to e-commerce and customers attempt to spend less in an inflationary market.
Iconic stores like Macy's, Nordstrom, Kohl's, Bed Bath & Beyond, and JoAnn's have set targets to close down numerous store locations this year.
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