Tuesday Morning Corporation Reports 8.4% Increase In Comparable Store Sales for the First Quarter

Apr 05, 2001, 01:00 ET from Tuesday Morning Corporation

    DALLAS, April 5 /PRNewswire/ -- Tuesday Morning Corporation (Nasdaq: TUES)
 North America's largest operator of first quality deep-discount and closeout
 home furnishings and gift stores today reported sales for its first quarter
 ended March 31, 2001.  Sales for the quarter increased 21% to $109.5 million
 compared to $90.5 million in the corresponding period of the prior year.
 Comparable store sales increased 8.4% for the quarter.
     Kathleen Mason, President and Chief Executive Officer, stated: "We are
 extremely pleased with our sales results for the first quarter, despite a
 challenging retail environment.  Our updated marketing strategies and improved
 merchandise distribution contributed to our strong performance and have
 enabled us to improve inventory turns and shorten our reaction time to trends
 in the market, while presenting a greater assortment of branded products to
 our customers.  For example, our recent Pets.com inventory purchase generated
 impressive results."
 
     Tuesday Morning Corporation operates the largest chain (currently 441
 stores) of deep-discount closeout gift stores in North America.  These stores
 open periodically for four to six-week "events" during the retail industry's
 peak selling seasons.  A broad variety of closeout items are available in such
 product categories as gifts, crystal, luggage, linens, toys, and seasonal
 items.  The Company specializes in famous-maker, first-quality merchandise,
 which is often found in prestigious department and specialty stores.  Such
 merchandise is sold by Tuesday Morning at prices 50%-80% below traditional
 retail levels.
 
 

SOURCE Tuesday Morning Corporation
    DALLAS, April 5 /PRNewswire/ -- Tuesday Morning Corporation (Nasdaq: TUES)
 North America's largest operator of first quality deep-discount and closeout
 home furnishings and gift stores today reported sales for its first quarter
 ended March 31, 2001.  Sales for the quarter increased 21% to $109.5 million
 compared to $90.5 million in the corresponding period of the prior year.
 Comparable store sales increased 8.4% for the quarter.
     Kathleen Mason, President and Chief Executive Officer, stated: "We are
 extremely pleased with our sales results for the first quarter, despite a
 challenging retail environment.  Our updated marketing strategies and improved
 merchandise distribution contributed to our strong performance and have
 enabled us to improve inventory turns and shorten our reaction time to trends
 in the market, while presenting a greater assortment of branded products to
 our customers.  For example, our recent Pets.com inventory purchase generated
 impressive results."
 
     Tuesday Morning Corporation operates the largest chain (currently 441
 stores) of deep-discount closeout gift stores in North America.  These stores
 open periodically for four to six-week "events" during the retail industry's
 peak selling seasons.  A broad variety of closeout items are available in such
 product categories as gifts, crystal, luggage, linens, toys, and seasonal
 items.  The Company specializes in famous-maker, first-quality merchandise,
 which is often found in prestigious department and specialty stores.  Such
 merchandise is sold by Tuesday Morning at prices 50%-80% below traditional
 retail levels.
 
 SOURCE  Tuesday Morning Corporation