Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Though the debt and housing markets will “create additional obstacles for [its] consumers,” Tuesday Morning Corp. will open 50 new stores next year, executives said at its second quarter conference call.

Thus far this year, the company has opened 15 net new stores, opening 27 units while closing 12. Plans for next year call for expanding 25 existing stores and relocating 50 units, in addition to the new stores.

“For 2008, we will pursue store expansion and relocations opportunities in our existing base, as well as opening new stores,” said Kathleen Mason, president and CEO. About 75% of the new units will be in the company’s core markets in the Southwest, Southeast and West Coast.

Net sales for the quarter were $219.4 million, up 5.6% over the same period last year. Comparable store sales rose 0.1%. Net income for the quarter was $2 million, compared to $2.9 million last year.

Tuesday Morning operates 810 stores in 47 states during periodic “sale events.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.