Tuesday Morning Corporation

Dallas, TX United States

  (NASDAQ: TUES)

Company Description

Tuesday Morning offers big discounts every day of the week, but not every week of the year. The closeout retailer sells discontinued merchandise from name-brand manufacturers at steep discounts. Its merchandise typically includes upscale linens, china, cookware, rugs, and collectibles that are not seconds, irregulars, or factory rejects. Tuesday Morning's 850-plus stores, located in more than 40 states, operate only during monthly "sales events" (with the exception of January and July). The retailer keeps costs down by selling from low-rent locations and using seasonal help -- only about 20% of its workers are full-time employees. Its customers are primarily women from middle- and upper-income households.