Tuesday Morning has declined to sell itself and will instead seek other paths for its financial reorganization, according to court filings, RetailTouchPoints.com reported. The retailer had planned to close on a sale of all its assets by today, but will now push back its hearing date until Nov. 6 as it considers alternatives. Tuesday Morning filed for bankruptcy protection in May 2020 with plans to close 230 of its 687 stores. The retailer was hit hard by the pandemic, which forced the temporary closure of all its locations. However, the company had hoped to fuel a turnaround after it began resuming brick-and-mortar operations on April 24, with sales at reopened stores up 10 percent year-over-year during the first month.
