National retailer sold out of bankruptcy, will close remaining South … – columbiabusinessreport.com

Texas-based home goods retailer Tuesday Morning will close its remaining 13 stores in South Carolina, including locations in the Midlands, Upstate, along the Grand Strand and in the Charleston area.

According to reports from the stores Dallas headquarters, the company was sold out of bankruptcy for $32 million to a liquidation company, Hilco Merchant Resources.

Tuesday Morning first filed for bankruptcy in the early months of the COVID-19 pandemic in 2020. Earlier this year the store had about 480 stores nationwide, down from more than 700 prior to the pandemic.

After filing for bankruptcy a second time in February, the company closed more than 250 of its stores nationwide, including six in South Carolina.

An employee at one of the Columbia-area locations confirmed Friday morning that employees had been notified of the stores closing, but no details have been released on when liquidation sales will begin.

This is the latest big retailer to shut down stores statewide. Bed Bath and Beyond is shuttering all stores remaining in South Carolina after its announcement earlier in April that it would be going out of business.

Reach Christina Lee Knauss at 803-753-4327.

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National retailer sold out of bankruptcy, will close remaining South ... - columbiabusinessreport.com