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,...
Amid speculation that it might declare bankruptcy a second time, Tuesday Morning has made a deal with Intalytics, a company that offers real estate analytics. Bloomberg first reported rumors about Tuesday Morning considering restructuring alternatives including a...
Net loss was $18.2 million, or 21 cents per diluted share, versus $37.1 million, or 55 cents per diluted share, in the year-prior period. For the third quarter of fiscal 2022, Tuesday Morning Corp. reported a smaller net loss but expectations of a weaker than expected...
Tuesday Morning Corp. posted a modest comparable store gain while beating a Wall Street estimate for sales and earnings. The company reported net earnings of $1.9 million, or two cents per share, for the second quarter versus $40.3 million, or 88 cents per share in...
With continued consumer demand for value merchandise unabated and relative financial strength among major companies, few doubted that off-price retailers would make a rapid comeback from closures related to the COVID-19 pandemic. But that doesn’t mean they don’t face...
