Tuesday Morning 1Q Sales Up 1.3 Percent
October 9, 2012,
DALLAS-First-quarter sales for Tuesday Morning rose 1.3 percent to $172.8 million, according to a preliminary statement on the closeout retailer's financial performance.
That result included a same-store sales increase of 1.7 percent, comprising a 4.7 percent gain in average ticket offset by a 3 percent drop in store traffic. Tuesday Morning also said its net loss for the quarter, which ended on Sept. 30, is expected to rise modestly versus last year's quarter. Brady Churches, who became president and CEO of Tuesday Morning in early September, said, "There is significant room for improvement on multiple fronts, and there remains much work to be done."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
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.
ALSO IN THIS ISSUE:
- 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