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Tuesday Morning net sales down 10% for year
July 13, 2009
Tuesday Morning Corp. reported net sales of $801.7 million for the fiscal year ended June 30, 2009, down 10% from last year’s year-end number of $885.3 million. Comparab
le store sales for the fiscal year decreased 12.5%, comprised of a 6.4% decrease in traffic and a 6.1% decrease in ticket. Net sales for the fourth quarter ended June 30th were down 4%, at $188.7 compared to $196.5 million a year ago, and comparable store sales for the quarter decreased by 6.6%. The Dallas-based company opened its first store in 1974 and currently operates 857 stores in 45 states. Tuesday Morning was ranked 22nd on Home Accents Today's 2008 list of the Top 50 Home Accent Retailers, based on in-house market research estimates and 2007 sales volume. Look for the 2009 list of the Top 50 Home Accent Retailers, a Home Accents Today exclusive, in the upcoming August issue.
Posted by Susan Dickenson on July 13, 2009 | Comments (3)
