Tuesday Morning
This article contains content that is written like an advertisement. (December 2021) |
Type | Public |
---|---|
OTCQX: TUEM | |
Industry | Retail |
Founded | 1974 |
Founder | Lloyd Ross |
Headquarters | Dallas, Texas , U.S. |
Number of locations | 490[1] |
Area served | United States |
Key people |
|
Products | Gifts and home accessories |
Revenue | US$874.89 million (FY 2015)[1] |
Number of employees | 7,500 (2020)[1] |
Website | www |
Tuesday Morning Corporation is one of the original US off-price retailers of home and lifestyle goods. The company specializes in name-brand merchandise for the home priced below department and specialty stores. The company is headquartered in Dallas.[2]
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. 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.[3] Tuesday Morning focuses on discount home goods.
In May of 2020, after extended store closures due to the COVID-19 pandemic,[4] the company filed for Chapter 11 bankruptcy[5] 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.[6] Upon emerging, the company established a new executive leadership team with significant off-price experience.[7] [8] [9][10]On May 25, 2021 the company was re-listed on the NASDAQ stock exchange under TUEM.[11]
References[]
- ^ a b c "Tuesday Morning Corporation Company Profile". www.dnb.com. Retrieved August 20, 2021.
- ^ "Contact Us". Tuesday Morning. Retrieved 2022-02-01.
Our corporate office is located at 6250 LBJ Freeway, Dallas, Texas 75240-6321
- ^ Inc, Tuesday Morning. "Tuesday Morning | Our Story". www.tuesdaymorning.com. Retrieved 2021-10-25.
- ^ "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[]
Wikimedia Commons has media related to Tuesday Morning. |
- 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