Good Lifestyle

When you are on the interior decoration market but no mood to break the bank, Tuesday morning is a reliabledestination. These stores are the ideal place for unique discoveries, especially because you know that the inventory will be different every time you cross the door. But now, Tuesday morning announced that it would close some of its locations - which means that yours may soon close. Read more to find out which stores get start -up in the middle of the "difficult consumption environment".

Read this then:Jo-Ann Fabrics closes the stores, from January 22.

Tuesday morning had better days.

In a press release of November 22, the company announced that the store appearSales were down 10.4% compared to the same quarter of exercise last year, and net sales fell to $ 157.1 million this quarter, against $ 176.9 million per year before.

Tuesday morning CEOAndrew Berger said the results were "online with expectations", based on "the current consumption environment".AE0FCC31AE342FD3A1346EBB1F342FCB

However, asNeilFrying pan, CEO of Globaldata and retail analyst, told Costar News, even with somePlanned losses, these drops are considerable. "The company has lost $ 28 million for this quarter," said Saunders. "It is [is] almost half of what Tuesday morning lost the whole period for last year's exercise. The company does not work."

No mention of store closures was noted in the press release, but independent locations are closed across the country - and according to Saunders, others could be on the way.

Tuesday morning is based in Dallas, Texas, where he now closes "one of his older andthe most known The locations "in the region, reported Texas News. An e-mail has confirmed that the store in the Preston center in Dallas will be closed permanently, but has not included an official date." We mark all of our inventory and everything must go "," The e-mail reads, by Texas News.

The Tuesday morning store at Preston Center is in lease from one month to the next, but retired from the short -term agreement, the broker said owned to Costar News. The point of sale has also reported that the closure will leave Dallas with a Tuesday morning store in Hillside Village.

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Clarksville, Indiana, will also lose a Tuesday morning store,The news and forum reported. On November 28, signs were published explaining that the company closes and offered a 10%discount. "We apologize," said the sign. "Due to this Tuesday morning closure, this store will not receive products presented in our advertisements."

As for the store in Texas, Tuesday morning has not yet set a closing date, but the city of Clarksville confirmed toThe news and forum That the store will come out of its current location, probably at the start of next year.

"The lease on Tuesday morning is exhausted on January 31 of 2023", director of communications at ClarksvilleKen Conklin said at the exit. He added that a new tenant, the Healthtrackrx medical test laboratory, will move on site "when it is vacant". The city does not know if Tuesday morning will look for a new location, but Conklin said: "We know that they will not be there."

Tuesday morning store inMeridian, Mississippi is also on the way, announced again via a panel outside the store without official closing date, WTok ABC-Affiliate WTok reported.

Better lifeContacted Tuesday morning to comment on the closures, but has not yet heard.

The problem wasalready planned In October, when the diving of retail identified the chain as the one that couldfile for bankruptcy In the next 12 months. Party City, Bed Bath & Beyond, and Tuesday morning were one of the 10 channels with a chance of 9.99 to 50 percent to pass, according to the Frisk scores of Creditriskmonitor, on September 30. Interestingly, it would not be the first time that Tuesday morning deposited in bankruptcy, as they have already done in 2020.

In light of the latest budgetary results, Saunders told Costar News that Tuesday morning affairs "have decreased in a fairly spectacular way", which could lead to even more store closures. The analyst does not provide that the number will exceed the amount closed in 2020 - which was close to 200 - but said that "it is clear that many stores do not work".

"They must have an examination of [the real estate portfolio]. They cannot continue to operate at a loss from year to year," said Saunders. "I expect them to break some leases and continue to shrink. It is clear that there is a large group of stores that do not earn money and do not contribute to loss."