Tuesday Morning sees bedding solution to comp sag
April 25, 2006,
Dallas – Keeping most details close to the vest, Tuesday Morning Corp. today alluded to plans that would play up better performing categories such as bedding and electronics.
Mason also expected good results from some special buys in categories that are trending up, Mason said, such as a "sheet omnibus" – designer sheets and bedding -- that the retailer will pitch to customers in May. Advertising is also slated for enhancement.
Tuesday Morning nearly maintained profit levels even while comps dragged. For the first quarter, same-store sales were down 4.5%, while overall volume was up 1.2% to $187.8 million. Net income declined 2.9% to $6.5 million.
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