-May 28,2020-
Texas retailer Tuesday Morning is the latest San Luis Obispo store to announce a Chapter 11 bankruptcy filing on May 27. Tuesday Morning has a location at the Marigold Shopping Center on Broad.
The company has said they would shutter 230 of its 687 stores in their court filing. The filing lists the locations that will be closed in a “first wave” including 13 California stores.
San Luis Obispo’s 8100 square foot store at 3680 Broad is on this closing list.The store is near to the former Michael’s location, now vacant, and a few storefronts down from Vons. Kimco Realty manages the center.
In their court papers Tuesday Morning says “Due to the COVID-19 pandemic, the Debtors have faced unprecedented challenges including rapidly declining sales at their retail locations.”
There are 133 stores expected to be closed beginning June 1, 2020 with a listing that includes San Luis Obispo.Ironically the SLO store is still shuttered due to COVID 19 but will apparently have to open its doors for the expected closing sales event. The company said before the bankruptcy filing that they had scheduled multi-state re-openings and were bringing associates back to work over the next few coming weeks.
Store locations in California set to close in this first wave include Monterey,San Luis Obispo, Fresno,Visalia,Thousand Oaks, Aliso Viejo, Pleasanton, Pleasant Hill, Santa Clarita, Culver City, Eureka,Union City, Placentia and Vacaville.
Tuesday Morning was launched in Dallas in 1974, The off-price retailer focuses on closeout home goods. The unique name comes from founder Lloyd Ross when he held his first “garage sale.” The story has been told that Ross decided on Tuesday Morning as the company name because “it is the first positive day of the week.” Perhaps that is why they waited until Wednesday May 27 to file their bankruptcy papers.