The Dallas-based retailer has closed 265 stores since February, and the remaining 200 will start liquidation sales soon. Included are 59 stores in Texas.
The closings come asThat’s a lot of inventory hitting the market, possibly putting a dent in home goods sales at other retailers for the next few months.
The sale of Tuesday Morning, founded in Dallas in 1974 as a closeout retailer of gift and home merchandise, was approved at an afternoon hearing Thursday before Judge Edward L. Morris in the Fort Worth division of the U.S. Bankruptcy Court for the Northern District of Texas. Hilco Merchant Resources is paying more than $32 million for the company. The liquidation means a couple thousand employees at Tuesday Morning’s North Dallas headquarters and stores will be terminated as store operations wind down over the next few weeks.
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