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Tuesday Morning names new coo and cfo

Dallas — Tuesday Morning has promoted Michael Marchetti to coo and named Loren Jensen cfo, replacing retiring cfo Mark Jarvis.

Marchetti was previously executive vp, operations. In the new post, he will oversee distribution, logistics, store operations, information technology and real estate.

Jensen was most recently vp of finance and corporate development at RadioShack.

The announcements were made this morning as the retailer reported strong first quarter results, with net income up 30 percent or $6.1 million, or $0.15 per share. Sales jumped 13.1 percent to $150.4 million. Comps increased 4.5 percent for the quarter.