Tuesday Morning

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This article is about the store chain. For the Pogues song, see Tuesday Morning (song). For the Melissa Etheridge song, see Lucky (Melissa Etheridge album).
Tuesday Morning Corporation
Type Public
Traded as NASDAQTUES
Industry Retail
Founded 1974
Headquarters Dallas, Texas
Key people Michael Rouleau, President & CEO
Products gifts and accessories
Website tuesdaymorning.com

Tuesday Morning Corporation is an upscale, deep discount, off-price retailer specializing in domestic and international, designer and name-brand closeout merchandise. With stores across the country and decades of experience in closeout retailing, they haven't strayed from their original concept. Their mission is to deliver fresh and exciting assortments that are constantly being updated. Headquartered in Dallas, Texas, the chain traditionally has relied on direct marketing, (including mail and e-mail), but also advertises in newspapers.

History[edit]

Tuesday Morning was established in 1974 and by 1998 grew to 330 stores operating in 35 states.[1] The company grew its operations to 41 states and 441 stores in 2001.[2] In June 2012, hedge fund Becker Drapkin Management LP bought 6.6% of the company's stock, which allowed it to gain control of the board of directors.[3]

On June 7, 2012, the retailer announced that they had fired CEO Kathleen Mason, due to criticism that the company was performing poorly under her direction. On the same day, the company promoted Michael Marchetti to president and chief operating officer. Marchetti also served as the interim CEO.[4] In May 2013, Mason sued Tuesday Morning for discrimination, claiming her termination occurred as a result of her breast cancer diagnosis.[5][6]

A typical Tuesday Morning Interior. This is the lamps department.

Mason was followed by Brady Churches as CEO, who lasted six months on the job, and was then replaced by Michael Rouleau as interim CEO in March 2013 before taking over as the permanent CEO in August 2013.[3] The company closed its online store in August 2013.[7] At that time Tuesday Morning had 820 stores.[3]

Products[edit]

A store in Hillsboro, Oregon

Tuesday Morning focuses on closeout home goods. Brands it sells include Lenox, Denby Pottery, KitchenAid, Cuisinart, Steinbach, Wedgwood, Reed and Barton, Breville, Madame Alexander, Peacock Alley, and Royal Doulton, among others.[3]

References[edit]

  1. ^ Binole, Gina (April 26, 1998). "Seaside sidesteps Bend for newest Nike factory outlet". Portland Business Journal. Retrieved 17 August 2014. 
  2. ^ "Tuesday Morning store opens in Gresham". Portland Business Journal. February 14, 2001. Retrieved 17 August 2014. 
  3. ^ a b c d Halkias, Maria (November 9, 2013). "Tuesday Morning CEO sees the company as a treasure". The Dallas Morning News. Retrieved 17 August 2014. 
  4. ^ "Kathleen Mason fired as CEO of Tuesday Morning". 2012-06-07. Retrieved 7 June 2012. 
  5. ^ Former Tuesday Morning CEO sues over firing USA Today, May 17, 2013
  6. ^ Murray, Lance (August 15, 2013). "Kathleen Mason files discrimination suit against Tuesday Morning". Dallas Business Journal. Retrieved 17 August 2014. 
  7. ^ Abril, Danielle (August 15, 2013). "Tuesday Morning nixes online shopping site". Dallas Business Journal. Retrieved 17 August 2014. 

External links[edit]