by Mike Duff | Dec 27, 2022 | Retail Articles
After a leadership shakeup, Tuesday Morning Corp. has announced that it has notified the Nasdaq Stock Market of its decision to voluntarily delist its common stock as it addresses financial difficulties. The company expects the stock delisting stock to become...
by Mike Duff | Nov 22, 2022 | Retail Articles
In reporting fiscal first-quarter sales, Tuesday Morning’s new CEO Andrew Berger, who replaced a retiring Fred Hand, faced a double-digit comparable sales decline and deeper losses. The company posted a net loss of $28.2 million, or 29 cents per diluted share,...
by Mike Duff | Nov 8, 2022 | Retail Articles
After struggling to put the company on a new footing, Tuesday Morning Corp. CEO and board member Fred Hand is retiring, the company announced. In addition to Hand, Mark Katz, COO and interim CFO, and Paul Metcalf, principal and chief merchant, also have chosen to...
by Mike Duff | Sep 23, 2022 | Retail Articles
Before it announced a fourth quarter and full year loss, Tuesday Morning revealed that it had closed a strategic transaction to secure $35 million in convertible debt financing that could reshape how the company is positioned in the marketplace and raise the profile...
by Mike Duff | Sep 12, 2022 | Retail Articles
Tuesday Morning Corp. has entered into an agreement to secure $32 million in convertible debt financing to help initiate a plan to turnaround the off-price retailer. The debt financing comes from a special purpose vehicle formed by Retail Ecommerce Ventures LLC,...
