by Mike Duff | Jun 28, 2024 | Retail Articles
Omni Retail Enterprises, which controls a portfolio of digital lifestyle storefronts across several merchandise categories has named Sharon Leite CEO. Omni recently acquired Pier 1, Stein Mart, Dress Barn, Modells Sporting Goods, Linens-N-Things, Bodybuilding.com,...
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 | 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,...
