We got the news back in May that Tuesday Morning would be closing due to the COVID-19 pandemic, and now Stein Mart revealed Wednesday that they would be voluntarily be filing Chapter 11 bankruptcy.
Pier 1, which is based out of Fort Worth, announced this week that they will be closing the large number of stores to cut their footprint and expenses.
It seems the bad news keeps coming when it comes to businesses. Vasari, the franchise that owns several Dairy Queens announced that it is filing bankruptcy.
It seems more and more every day companies are announcing that they are closing down their stores. First we lose Hastings, then Gander Mountain announced it will be closing stores, followed by JCPenney, and now a popular shoe store has announced it will be closing over 400 stores.