Tuesday Morning
 | |
 A store in Dallas - Fort - Worth | |
| Company type | Public |
|---|---|
| OTCQX: TUEM | |
| Industry | Retail |
| Founded | 1974 |
| Founder | Lloyd Ross |
| Headquarters | , U.S. |
Number of locations | 490[1] |
Area served | United States |
Key people | |
| Products | gifts; home accessories |
| Revenue |  US$874.89 million (FY 2015)[1] |
Number of employees | 7,500 (2020)[1] |
| Website | tuesdaymorning |
Tuesday Morning Corporation is one of the original US off-price retailers of unique home and lifestyle goods. The company specializes in quality, name-brand merchandise for the home priced 20-60% below regular prices at department and specialty stores. The company is headquartered in Dallas, Texas
History
Tuesday Morning was established in 1974 by Lloyd Ross. Ross worked with big-name manufacturers to buy their excess merchandise and host limited-time warehouse sales to offer these goods at a discount to the public. From this humble beginning, the company moved to a pop up retail location in 1979 with seasonal events. The company went to full-time retail operations in 1979 and went public in 1984 with 57 stores. At its peak in 2018, the company operated over 700 locations and had sales of over $1 billion.[2]
In May of 2020, after extended store closures due to the COVID pandemic,[3] the company filed for Chapter 11 bankruptcy[4] reorganization and was delisted from the American Stock Exchange. During the reorganization process the company closed close to 200 unprofitable store locations and a distribution center.
In December of 2020, the company emerged from bankruptcy with a rights offering, enabling the ability to pay all vendor claims in full and protect of shareholder value.[5] Upon emerging, the company established a new executive leadership team with significant off-price experience.[6] [7] [8][9]On May 25, 2021 the company was re-listed on the NASDAQ stock exchange under TUEM.[10]
Products
Tuesday Morning focuses on discount home goods. Top categories include Home Décor, Bedding, Kitchen & Dining essentials, Bathroom accessories, Furniture, Seasonal products and more.
References
- ^ a b c "Tuesday Morning Corporation Company Profile". www.dnb.com. Retrieved August 20, 2021.
- ^ Inc, Tuesday Morning. "Tuesday Morning | Our Story". www.tuesdaymorning.com. Retrieved 2021-10-25.
{{cite web}}:|last=has generic name (help) - ^ "TUESDAY MORNING CORPORATION PROVIDES COVID-19 RELATED BUSINESS UPDATE | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "Tuesday Morning Corporation Files Chapter 11 to Pursue Financial and Operational Reorganization | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "Tuesday Morning Announces Confirmation of Plan of Reorganization | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "Tuesday Morning Appoints Experienced Off-Price Retailer, Fred Hand, as Chief Executive Officer | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "Tuesday Morning Appoints Experienced Off-Price Retailer, Marc Katz, as Interim Chief Financial Officer | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "Tuesday Morning fills out its C-suite". Retail Dive. Retrieved 2021-10-25.
- ^ "Tuesday Morning Corporation Appoints Paul Metcalf as Acting Chief Merchant | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "Tuesday Morning Announces Approval to Relist on Nasdaq | Tuesday Morning Corp". ir.tuesdaymorning.com. Retrieved 2021-10-25.
External links
- Madison Dearborn Partners companies
- Discount stores of the United States
- American companies established in 1974
- Retail companies established in 1974
- Companies based in Dallas
- Companies formerly listed on the Nasdaq
- Companies traded over-the-counter in the United States
- Companies that filed for Chapter 11 bankruptcy in 2020
- 1974 establishments in Texas