Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Tuesday Morning Corp. engages in the sale of upscale decorative home and lifestyle goods. All times are ET. Tuesday Morning says their prices are 20 – 60% off regular department store prices. The business earned $324.41 million during the quarter, compared to analysts' expectations of $330.23 million. The Tuesday Morning Corporation of Dallas, Texas announced Tuesday that its store in Warrenton will be closing this summer. All rights reserved. It is one of three Tuesday Morning stores in Maryland that will close; Glen Burnie and Salisbury are the others. Instead, it was the year of Netflix, Here's where your 'free' online returns actually end up. Cook Up Big Savings! Discover the products you'll find at your nearest Tuesday Morning store. Sluggish recovery: US economy adds 49,000 jobs in January, Smartmatic sues Fox News, Trump allies over 'disinformation campaign', Former QAnoner wonders if she put Trump above God, Watch Newsmax anchor walk off set during MyPillow CEO interview, In 1999 Jeff Bezos told CNN he was surprised about Amazon's success, Andy Jassy will be Amazon's CEO. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.07. Updated Jan 21, 2021; Posted Jan 21, 2021 . Its portfolio of products includes bath and body, bed, craft supplies, dinning and kitchen, furniture, gifts and more, gourmet food, holiday and party, home decors, luggage, outdoor, pets, small appliances, and toys. The chain has filed for bankruptcy and will close 230 stores. The corporate owner is blaming the COVID-19 pandemic. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. DAYTONA BEACH — Struggling off-price retailer Tuesday Morning announced plans Wednesday to close more than a third of its stores, including two … Beyond that, the store has been known to clearance items with color-coded price tags: Black is the standard price tag, pink is 20% off Tuesday Morning’s standard price, orange is 40% off, and yellow is 60% off. U.S. off-price retailer Tuesday Morning has filed for bankruptcy protection amid the COVID-19 pandemic, the company said Wednesday. It's the latest retailer to file for bankruptcy because of the virus and shifting consumer demand. Tuesday Morning said it will emerge from bankruptcy with the intention of improving its product offering by "focusing on the highest performing stores in its most productive markets.". How Tuesday Morning went bankrupt After more than 45 years as an off-pricer, the retailer hit the skids when COVID-19 forced its doors shut and zeroed out revenue. All Tuesday Morning locations will be accepting gift cards, which is great news if you want to save even more money at a liquidating store. Tuesday Morning is planning on closing 230 stores, and it’s all thanks to the current situation of things. Tuesday Morning Co. (NASDAQ:TUES) posted its earnings results on Wednesday, February, 5th. "The complete halt of store operations for two months put the company in a financial position that can be effectively addressed only through a reorganization in Chapter 11," he said in a statement. Most stock quote data provided by BATS. Factset: FactSet Research Systems Inc.2018. The Tuesday Morning store selling discounted home decor and gift items in Kennewick will be closing permanently. Tuesday Morning stores are a mainstay in many neighborhood shopping centers in Texas, where the chain has 110 stores, including 37 in Dallas-Fort Worth. Visit one of our Search by City, State, or Zip Code across the U.S. to find amazing deals every day. We search the world for top-quality, name-brand home décor then bring it to you at 20–60% off department store prices. Disclaimer. Check out our deals in action for inspiration. Tuesday Morning. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. DALLAS , May 27, 2020 -- Photo taken on May 27, 2020 shows a Tuesday Morning store in Plano of Texas, the United States. A logo sign outside of a Tuesday Morning retail store location in Woodbridge, Virginia, on January 21, 2019. N., St. Petersburg. Following its successful financial and operational reorganization and emergence from Chapter 11, Tuesday Morning Corporation is now trading on the OTCQX under the symbol “TUEM” (OTCQX: TUEM). Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The company was founded in Dallas 46 years ago. New York (CNN Business)Discount home goods retailer Tuesday Morning filed for bankruptcy, blaming Covid-19 for prolonged store closures that caused an "insurmountable financial hurdle. Tuesday Morning Corp., the discount home-goods retailer, is discussing a potential bankruptcy filing after the pandemic shut down its stores, according to … DALLAS (WBFF) - Tuesday Morning, a national chain of discount stores, is closing 130 locations, including two in the Baltimore area. Find all the Brands You Love at Prices you Love. Discover new deals each week and enjoy bringing home more of what you love. Emerges with more focused, streamlined business Additional liquidity supports long-term growth Well-positioned to serve customers as a leading off-price home goods retailer DALLAS, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Tuesday Morning and certain of its subsidiaries (collectively “Tuesday Morning” or. Tuesday Morning … DALLAS — Tuesday Morning, the national retail chain specializing in gifts, home furnishings, housewares and other merchandise, is closing 230 of its 687 stores. Mr. Metcalf has been working with Tuesday Morning since April 2019 in a consultant capacity on a part-time, Net sales were $224.4 million in Q1 fiscal 2020 Comparable store sales decreased 0.7% versus a 3.8% increase in the prior year; comparable transactions increased 2.4% Reiterates fiscal 2020 outlook DALLAS , Nov. 05, 2019 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES) today, DALLAS , Oct. 22, 2019 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES ), today announced that the Company will hold a conference call to discuss its first quarter fiscal 2020 financial results and provide a general business update on Tuesday, November 5th, 2019 at 8:00 am Central. A high-level overview of Tuesday Morning Corporation (TUEM) stock. Tuesday Morning Successfully Completes Restructuring Process, Tuesday Morning Announces Confirmation of Plan of Reorganization, Tuesday Morning Corporation Secures $25 Million of Additional Financing to Support Financial and Operational Reorganization, Tuesday Morning Corporation Files Chapter 11 to Pursue Financial and Operational Reorganization, TUESDAY MORNING CORPORATION PROVIDES COVID-19 RELATED BUSINESS UPDATE, Tuesday Morning Corporation Announces Second Quarter Fiscal 2020 Results, Tuesday Morning Corporation Announces Reporting Date for Second Quarter Fiscal 2020 Results, Tuesday Morning Corporation Appoints Paul Metcalf as Acting Chief Merchant, Tuesday Morning Corporation announces First Quarter Fiscal 2020 Results, Tuesday Morning Corporation Announces Reporting Date for First Quarter Fiscal 2020 Results. Background. Stay inspired with top-notch home décor at rock-bottom prices. Discover new deals each week and enjoy bringing home more of what you love. It said sales are up 10% compared with the … It said sales are up 10% compared with the same time period a year earlier. Find a Tuesday Morning near you. Discounted household goods retailer Corp. is preparing to file for bankruptcy in the days after its stores close due to the coronavirus pandemic on Tuesday morning, people familiar with the matter said. Tuesday Morning said it expects the closures to take place over the summer. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. By the time Tuesday Morning filed for bankruptcy, it had nearly 700 stores (with plans to close a third of them) and did around $1 billion in sales. Due to the COVID-19 outbreak, Tuesday Morning closed all of its 687 stores across the country in March. Tuesday Morning (TUES) (OTCPK:TUESQ) is a discount retailer similar to Big Lots and Ollies Bargain Outlet ().It operated 687 stores in 39 states as of March 31, 2020. msn back to msn home news powered by Microsoft News Store Locator. Coronavirus closures pushed Tuesday Morning to file for bankruptcy and now the off-price retailer will permanently close about 230 stores. So many retailers are suffering and feeling the financial strain, and Tuesday Morning stores are the latest to fall victim to closings. Raise is selling Tuesday Morning gift cards for up to 13% off the value loaded onto them, which means you’re paying even less during the closeout sales. The Tuesday Morning store selling discounted home decor and gift items in Kennewick will be closing permanently.. Tuesday Morning has reopened around 80% of its stores in recent weeks and has brought 7,000 employees back to work. This will not impact our ability to continue re-opening stores that were closed due to COVID-19, as planned and as state and local mandates allow. Search our Search by City, State, or Zip Code Find Your Store. The retailer aims to use the bankruptcy process to renegotiate a "significant number" of leases and will have around 450 stores left after the process is complete. With court approval, the retailer set a bid deadline of Oct. 19. Everything you need is at Tuesday Morning for less. The retailer, which sells such products as … Apply on company website. "These stores were identified as underperforming or are situated in areas where too many locations are in close proximity," CEO Steve Becker said in a statement. We offer upscale, name brand closeouts for the home at un-paralleled savings. Tuesday Morning said the closures will come in phases, with the first targeting at least 132 stores. Tuesday Morning Corporation (NASDAQ: TUES) is one of the original off-price retailers specializing in name-brand, high-quality products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal décor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Tuesday Morning joins J.C. Penney, luxury department store chain Neiman Marcus, J.Crew and Stage Stores in filing for Chapter 11 since the virus was declared a pandemic in mid-March. The store offering designer items at discount prices has filed for bankruptcy and announced the closure of 132 stores nationally including stores in St. Petersburg and Largo. Emergence Expected by End of December Court Approves Plan for a Stronger and More Streamlined Structure DALLAS, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning and certain of its subsidiaries (collectively “Tuesday Morning” or the “Company”) today announced that the U.S. DALLAS , June 04, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES) today announced that the Company has obtained a commitment from BRF Finance Co., LLC , an affiliate of B. Riley Financial, Inc. (NASDAQ:RILY) (“B. Also, the company drew down $55 million from its secured revolving credit facility. ", The Dallas-based chain said Wednesday it will. Tuesday Morning is formally seeking bids for its assets in bankruptcy, according to court papers. Prior to yesterday’s closings, Tuesday Morning had approximately 400 stores closed in, • Net sales were $324.4 million in Q2 fiscal 2020 • Comparable store sales decreased 3.0% versus a 1.9% increase in the prior year; comparable transactions increased 0.7% DALLAS , Feb. 05, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES ) today reported net income of $10.9. Tuesday Morning is reliant on its store sales to bring in revenue because it doesn’t sell inventory online. Plan ahead to make sure you get it in the mail. Prior to yesterday’s closings, Tuesday Morning had approximately 400 stores closed in. DALLAS , Jan. 22, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES ), today announced that the Company will hold a conference call to discuss its second quarter fiscal 2020 financial results and provide a general business update on Wednesday, February 5th, 2020 at 8:00 a.m. DALLAS , Dec. 09, 2019 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES ) today announced that Paul Metcalf will assume the role of acting chief merchant, effective immediately. A company press release stated it will pursue financial and operational Tuesday Morning will continue to do business throughout the process and beyond. Tuesday Morning is offering closing sales of up to 30 percent at its stores at Barclay Square, 13819 Walsingham Road in Largo, and at Tyrone Gardens, 931 Tyrone Blvd. (Photo by Dan Tian/Xinhua via Getty) (Xinhua/ via Getty Images) (Xinhua News Agency/Xinhua News Agency/Getty Images) Connect with us. Tuesday Morning – which sells a wide variety of merchandise including home decor, bath and body goods, crafts, food, and toys – hopes to stay in … All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. All in all, 230 Tuesday Morning locations will be closed permanently as the company focuses on their more profitable stores. Tuesday Morning at the time it filed for bankruptcy reported that comparable store sales are actually running 10% above last year. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Tuesday Morning joins J.C. Penney, luxury department store chain Neiman Marcus, J.Crew and Stage Stores in filing for Chapter 11 since the virus was declared a pandemic in mid-March. The corporate owner is blaming the COVID-19 pandemic. Riley”), for $25 million of debtor-in-possession (“DIP”), Immense Impact of COVID-19 Forced Prolonged Closure of Entire Store Portfolio, Creating an Insurmountable Financial Hurdle Company Voluntarily Files for Protection under Chapter 11 to Reduce Outstanding Liabilities, Access Significant Capital and Realign Store and Distribution Footprint; Plans to, DALLAS , March 26, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES ) today announced that it temporarily closed all of its 687 stores across the country at 5 p.m. local time yesterday. | Content protected by United States and international copyright laws. Pennsylvania Real-Time News; Tuesday Morning exits Chapter 11 bankruptcy but without any stores in the Harrisburg area. It's part of a bankruptcy reorganization and its means the Tuesday Morning stores near Greenwood Park Mall and Willow Lake on the Indianapolis north side, will shut down, as will a store in Bloomington. Off-price retailer Tuesday Morning is working on eliminating 230 stores in a major restructuring effort. … As it does not have an eCommerce presence, Tuesday Morning depends on in-store sales for its revenue. Tuesday Morning has reopened around 80% of its stores in recent weeks and has brought 7,000 employees back to work. Tuesday Morning temporarily closed all of its stores and furloughed most of its 9,000 employees in March. Bargain hunters will miss this discount store known for its great deals in home goods and seasonal decor. They are locations that are under-performing and in areas where there are other locations nearby. DALLAS , March 26, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES ) today announced that it temporarily closed all of its 687 stores across the country at 5 p.m. local time yesterday. © 2021 Off-price retailer Tuesday Morning Corp. has filed for Chapter 11 bankruptcy protection, in response to the “immense strain the COVID-19 pandemic and related store closures have put on the business.” The retailer, based in Dallas, TX, opened in 1974 and currently operates 687 stores in 39 states. Mar 26, 2020. Read More. Tuesday Morning Newport News, VA. A nearby store that will remain open is the Tuesday Morning at 9968 York Road in Cockeysville. All rights reserved. In 2019, CNN asked him if he wanted the job, Watch SpaceX's Mars rocket prototype crash land... again, JetBlue unveils new 'mint' business class suites, Spot the robot's new arm lets it jump rope (and do serious stuff), 2020 was supposed to be the year of streaming. 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