Mason Out as Tuesday Morning CEO

DALLAS-Tuesday Morning has "relieved" Kathleen Mason, president and CEO, of her duties, according to a statement from the off-price retailer.

Michael Marchetti, executive vice president and chief operating officer, has been named president, chief operating officer and interim CEO. The company has also begun a search for a new chief executive.  Bruce Quinnell, chairman, said, "The board of directors has concluded it was the right time to transition leadership to a new executive who will guide the company through its next stage."

In addition, Melinda Page, senior vice president and general merchandise manager, has been promoted to executive vice president and chief merchandise officer. Seth Marks, senior vice president of alternative sourcing and e-commerce, has been promoted to senior vice president and chief marketing officer.

Mason was named president and CEO by Tuesday Morning in July 2000. Prior to that, she was president of HomeGoods and chairman, president and CEO of Cherry & Webb. Her career also included merchandising positions with The Limited, Mervyns, Emporium and Kaufmann's.

Tuesday Morning also said it now expects total sales for the 2012 fiscal year to range between $810 million and $815 million, down from 0.7 percent to 1.3 percent from fiscal 2011. Same-store sales are expected to drop by from 3.2 percent to 3.9 percent.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money