Plans are underway for the auctioning off more than 250 store leases belonging to the retail chain Tuesday Morning.
The Dallas-based company, which has operated nearly 500 stores across the country, filed for Chapter 11 bankruptcy protection last month and subsequently closed around half its locations.
Now, Tuesday Morning has hired the real estate advisory firm A&G Real Estate Partners of Melville, New York, to handle the auctioning off half of its retail spaces in some 38 states.
Those stores range in size from 6,000 square feet to 28,000 square feet, and are in plazas and strips malls, as well as at stand-alone sites.
To date, just under a dozen Arizona store sites are expected to be auctioned. Those sites are in Avondale, Chandler, Mesa, Peoria, Phoenix, Scottsdale, Tempe, and Tucson.
Leases for fourteen Tuesday Morning stores will be on the auction block for 14 Colorado locations in Castle Rock, Colorado Springs, Fort Collins, Grand Junction, Johnstown, Littleton, Pueblo, Sheridan, and Silverthorne, with some of those cities being home to several stores.
The chain has two New Mexico store leases up for auction in Albuquerque and Santa Fe; and one in El Paso.
Launched in 1974, the Tuesday Morning stores offered high quality merchandise at discount prices. Founder Lloyd Ross said he named his stores in honor of Tuesday because it was the “first positive day of the week.”
The chain grew from just under 60 stores in the mid-1980s to slightly more than 700 locations by 2018 but was hit hard two years later by the Covid-19 pandemic, prompting it to close some 200 outlets.
In an interview with the site Costar, Mike Matlat, senior managing director at A&G, noted that it has been “quite a while since we’ve seen a list like this, over 250 locations, come available at once.”
News sources have suggested that many the former Tuesday Morning stores will not only be repurposed but will likely see both renovation and upgrading work.
By Garry Boulard
