Home-goods retailer Tuesday Morning Corp. is moving toward a liquidation of additional store locations following a bankruptcy auction for the company’s remaining assets, WSJ Pro Bankruptcy reported. If a Hilco Global unit closes on its bid for Tuesday Morning, the Dallas-based retailer will be liquidated, its senior vice president of finance, Dell Young, testified in bankruptcy court on Monday. Tuesday Morning last week selected Hilco as the successful bidder for more than 200 store locations that weren’t already designated as going out of business. Lenders to Tuesday Morning filed court papers Monday saying that a sale to Hilco likely would result in a liquidation of the business, which filed for bankruptcy in February for the second time in less than three years. “We are working with the company to develop the final detailed plan on which stores will close and do not have a specific number of store closings at this time,” said Ian Fredericks, president of Hilco’s consumer-retail group.
