Tuesday Morning is going out of business, will close 5 more KC-area stores
The home goods and dcor company, which recently filed for bankruptcy for the second time in three years, will be sold to a liquidation company. This will create five more retail vacancies in the Kansas City area.
Tuesday Morning Corp. has gone out of business. A liquidation company bought the business and began closing down its remaining 200 stores, five of which are in the Kansas City region.
Hilco Merchant Resources has been approved by a judge of the U.S. Bankruptcy Court of the Northern District of Texas to purchase the home goods retailer. The Dallas Morning News reported that the liquidation company had paid more than $22 million for Tuesday Morning. This means that employees will be laid off from the company's headquarters and retail stores as it winds down operations in the coming weeks.
These five Tuesday Morning stores in Kansas City are set to be the next big-box retailers to occupy vacant space:
Overland Park, 9606 Nall Ave.
Tuesday Morning's 2021 Annual Report states that the typical size of its locations is between 6,000 and 30,000 square foot.
The discount retailer, which carries a mix of housewares, apparel, toys and seasonal items, began going-out-of-business sales Saturday at all 200 Tuesday Morning stores in 25 states, Hilco said in a Monday press release.
Gift cards will still be accepted until May 13th, according to the press release. Hilco officials have announced that certain store fixtures and equipment will also be sold. The original receipt must be included with any merchandise purchased before April 28.
Tuesday Morning will file for Chapter 11 bankruptcy for the first-time in May 2020, due to challenges related to pandemics. The retailer planned to close 230 stores out of 687 at the time. In 2021, the home goods retailer will have about 490 stores.
The business declared bankruptcy in February for the second time within three years. The company had originally planned to shut down 265 stores including two local shops in:
8986 NW Skyview Ave., Kansas City
Seven additional Missouri stores have been announced as closings outside of the immediate Kansas City region. The stores are:
6929 S. Lindbergh Blvd. 2916 S. Glenstone Ave., Springfield
Bed Bath & Beyond, another home goods retailer, has also filed for bankruptcy recently and will be closing its doors.
In January of this year, there were eight stores in Kansas City. The company that operates Buy Buy Baby, although it closed five stores, was not able to survive despite the cost-cutting measures.
The store is closing at 12035 Metcalf Ave., Overland Park - the only Bed Bath & Beyond in the area - and two Buy Buy Baby locations at 12055 Metcalf Ave., Overland Park & 20000 E. Jackson Drive, Independence.