Tuesday Morning to close Nags Head store, 16 others across N.C.

Tuesday Morning to close Nags Head store, 16 others across N.C.

March 17th, 2023

Discount home goods retailer Tuesday Morning has announced it is closing 17 stores in North Carolina including its Nags Head location, along with three in the Hampton Roads area, after the company filed bankruptcy last month.

In a filing with the Security and Exchange Commission, Tuesday Morning said more than 260 locations in 38 states are being shuttered as part of its Chapter 11 reorganization that was announced in February.

“After considering how best to address Tuesday Morning’s exceedingly burdensome debt, we have determined that the best path to reorganizing and transforming the Company begins with a Chapter 11 filing, said Andrew Berger, Tuesday Morning CEO. “Fortunately, we have the support of a committed capital provider in Invictus and a clear vision for transforming into a focused retailer that serves its core, heritage markets in a profitable manner.”

The company said it will close stores in “low-traffic regions” that are “unprofitable” and “underperforming.”

Along with the Tuesday Morning in Nags Head, other North Carolina stores being closed are in Apex, Boone, Charlotte, Durham, Gastonia, Greensboro, Greenville, Morehead City, Raleigh and Winston-Salem.

The southeastern Virginia locations that are closing are in Norfolk and Newport News.

A final date of operation for the Nags Head store has not been posted at the location that occupies 11,000 square feet in the Outer Banks Mall, which is managed by The Rosemyr Corporation of Henderson.

Posted in BIZ
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