Tuesday Morning is planning to close more than 250 stores nationwide, including 16 in Colorado
Discount store company Tuesday Morning plans to close 16 of its Colorado locations this year., with a total of more than 250 planned, according to the corporate website.209-237 Summit Place Shopping Center in Silverthorne2650 N. Ave. in Grand Junction3640 River Point Pkwy. in Sheridan1250 South Hover in Longmont5637 Barnes Rd. in Colorado SpringsThe corporation, headquartered in Dallas, underwent a series of structural changes at the end of last year.
took over the role of CEO in November after his predecessor Fred Hand opted to retire. Two other top executives also made the decisions to retire at the same time.saw dismal results for the company, as store sales fell about 10% compared to that same period in 2022. Net sales slumped to about $157 million for 2023’s first quarter when it previously sat at almost $177 million the year prior.
“Our first quarter sales performance was inline with our expectations as our teams navigated a challenging consumer environment as well as the previously discussed disruption in receipt flow due to the timing of the finalization of our strategic investment late in the quarter,” Berger said in a Nov. 22 statement.
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