Tuesday Morning Corp. has filed for Chapter 11 bankruptcy protection for the second time, in this case, the company reported, to pursue a financial and operational reorganization that will enable the company to reduce its outstanding liabilities, obtain significant...
After a leadership shakeup, Tuesday Morning Corp. has announced that it has notified the Nasdaq Stock Market of its decision to voluntarily delist its common stock as it addresses financial difficulties. The company expects the stock delisting stock to become...
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,...
After struggling to put the company on a new footing, Tuesday Morning Corp. CEO and board member Fred Hand is retiring, the company announced. In addition to Hand, Mark Katz, COO and interim CFO, and Paul Metcalf, principal and chief merchant, also have chosen to...
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...
