Dallas-based Tuesday Morning Corp. filed for bankruptcy on Wednesday saying the pandemic’s “forced prolonged closure” of its almost 700 stores put it into financial distress.
The company, which was founded in Dallas in 1974, plans to close about 230 stores and exit Chapter 11 in the fall with 450 stores.
Earlier this month, the retailer’s bank J. P. Morgan Chase told the company to hire financial advisers. The retailer said Wednesday that it has secured $100 million in debtor-in-possession financing from its lenders to get it through bankruptcy filed in U.S. Bankruptcy Court in Dallas.
The local Tuesday Morning store locations that will close are:
- 1750 E. Belt Line Rd., Ste 100, Richardson, TX 75081
- Irving Towne Center 3401 W., Airport Frwy, Ste 118, Irving, TX 75062
- Courtside Plaza Shopping Center, 5930 IH 20 West, Arlington, TX 76017
- Arapaho Village 819 Arapaho Road, Suite 14, Richardson, TX 75080
- Best Buy S/C, 9384 N. Central Expressway, Dallas, TX 75231
- Murphy Marketplace 104, North Murphy Rd., Suite 200, Murphy, TX 75094