Citing costs due to strategic rebuilding initiatives, Tuesday Morning Corp. reported a loss of $3.9 million in the fourth quarter ended June 30; however, revenue edged up to $222.8 million and same-store sales increased 6%.
According to CEO Steve Becker, pre-announced priorities – including real estate, merchandising, marketing, infrastructure and talent – continue to stay at the forefront of the chain’s activities and have positively impacted top-line performance. . . . more