{"id":7686,"date":"2016-09-12T08:36:49","date_gmt":"2016-09-12T08:36:49","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=7686"},"modified":"2016-09-12T08:36:49","modified_gmt":"2016-09-12T08:36:49","slug":"csg-snapshot-tuesday-morning-corp","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2016\/09\/csg-snapshot-tuesday-morning-corp\/","title":{"rendered":"CSG Snapshot: Tuesday Morning Corp."},"content":{"rendered":"

\"\"<\/a>6250 Lyndon B Johnson Freeway
\nDallas TX 75240
\n(972) 387-3562
\ntuesdaymorning.com<\/a><\/p>\n

Total Stores<\/strong>
\n745<\/p>\n

Total Sales<\/strong>
\n$956.4 million<\/p>\n

Year Founded<\/strong>
\n1974<\/p>\n

Trading Areas<\/strong>
\nAL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI<\/p>\n

Senior Executives<\/strong>
\nCEO: Steven Becker
\nPresident + COO: Melissa Phillips
\nCFO: Stacie Shirley<\/p>\n

SNAP<\/span>FORWARD<\/span><\/strong><\/h3>\n

In the midst of a turnaround that kicked off in 2012, Tuesday Morning is doing a lot of things well. CEO Steven Becker can point to four consecutive years of overall sales growth, same-store sales growth and increases in net sales per square foot (and the team at Chain Store Guide<\/strong> believes that these trends will continue in the short term). It\u2019s a turnaround strategy heavily predicated upon real estate. As the graphic shows, Tuesday Morning has tightened its net store count by about 100 units (13%) in four years, but store closings are only part of the story. In Fiscal 2016, the retailer closed <\/em>16 stores, relocated<\/em> 46, expanded<\/em> 7 and opened <\/em>16. The plans for Fiscal 2017 call for 30-35 closings, 20-25 new stores, 15-20 expansions, and 50-55 relocations. That kind of activity has produced positive results, but it comes at a price. The expense side of the equation drove profits down to $3.7 million in Fiscal 2016 (FYE 6.30.16) from $10.4 million the previous year (which followed net losses <\/em>in FY 2014 and 2015). Four years in and although many signs point positive, it\u2019s a mixed bag. One thing is certain: Tuesday Morning won\u2019t come out the other end until the real-estate map is reset in stone and the associated expenses end.<\/p>\n

 <\/p>\n

\"Five<\/p>\n

Source: Chain Store Guide<\/strong> Database of Discount, Dollar & Specialty Stores.<\/em> *CSG projections based on proprietary analysis and company statements. Actual figures are subject to change. This data is not intended for investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"

6250 Lyndon B Johnson Freeway Dallas TX 75240 (972) 387-3562 tuesdaymorning.com Total Stores 745 Total Sales $956.4 million Year Founded 1974 Trading Areas AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR,… Continue reading CSG Snapshot: Tuesday Morning Corp.<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[15],"class_list":["post-7686","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=7686"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/7686\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=7686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=7686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=7686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}