Tuesday Morning Sales Slip in Third Quarter

DALLAS-Tuesday Morning said its third-quarter net sales dropped 0.9 percent, to $172.7 million, in a preliminary report on the quarter issued this morning.

Same-store sales for the quarter, which ended on March 31, declined 3.2 percent. The comparable-store number consisted of a 1.8 percent decrease in store traffic and a 1.4 percent falloff in average ticket. Based on the sales results, Tuesday Morning projected that its net loss for the quarter would be between 9 cents and 11 cents per share.

President and CEO Kathleen Mason said Tuesday Morning is focused on its key marketing, e-commerce and real-estate initiatives. "We believe these initiatives, particularly our new online platform which is on track to go live this quarter, will begin to impact our business during our fourth fiscal quarter and increasingly in fiscal 2013," Mason said.

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.

Videos

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

    HFN's DIGITAL EDITION

    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.


    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