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Tuesday Morning history
Tuesday Morning company history timeline
In 1974, Tuesday Morning founder Lloyd Ross was working with big-name manufacturers when he had an idea.
Tuesday Morning went public in 1984, and by the following year there were 56 stores in the chain, generating sales of about $37 million.
In 1987 the company earned $3.7 million on revenue of $66 million.
By 1987 there were 81 large, no-frills Tuesday Morning outlets operating in 16 states, still mostly in the South.
1988: A new warehouse facility is built.
Company sales passed the $100 million mark in 1990.
The transition began early in 1993, when Tuesday Morning president and chief operating officer Jerry Smith moved his office into the warehouse facility in order to observe the process more closely.
For 1994 the company reported sales of about $190 million.
By 1995 the Tuesday Morning mailing list contained over three million names, and the number of stores in the chain was approaching 250.
There were 271 Tuesday Morning stores in operation by the middle of 1996.
The net profit of $76.1 million realized from the sale was used to pay down debts incurred during the 1997 privatization.
In 1998, Tuesday Morning stores had about $400 million in sales, he said.
The settlement agreement was approved by the court on April 2, 2004, but the case continued through appeals into the following year.
By the third quarter of 2004, the company had 641 stores in the United States and Canada and appeared to be on track for continued expansion in the future.
As of year ago, it was behind schedule and over budget, but now it’s looking on track for opening in the first half of fiscal 2017.
Jacobson, Robert; Gariepy, Jennifer "Tuesday Morning Corporation ." International Directory of Company Histories. . Retrieved April 15, 2021 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/tuesday-morning-corporation
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Tuesday Morning competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Buckle | 1948 | $1.2B | 9,000 | 1,795 |
| Nordstrom | 1901 | $15.0B | 74,000 | 1,074 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,492 |
| Dillard's | 1938 | $6.6B | 40,000 | 17 |
| Stein Mart | 1908 | $1.2B | 11,000 | - |
| PacSun | 1982 | $797.8M | 10,300 | 987 |
| Specialty Retailers Inc | 1988 | $1.6B | 9,946 | - |
| Staples | 1986 | $18.2B | 75,000 | 2,103 |
| Tailored Brands | 1973 | $2.9B | 19,300 | 751 |
| Cost Plus World Market | 1958 | $963.8M | 6,127 | 527 |
Tuesday Morning history FAQs
Zippia gives an in-depth look into the details of Tuesday Morning, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tuesday Morning. The employee data is based on information from people who have self-reported their past or current employments at Tuesday Morning. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tuesday Morning. The data presented on this page does not represent the view of Tuesday Morning and its employees or that of Zippia.
Tuesday Morning may also be known as or be related to TUESDAY MORNING CORP DE, Tuesday Morning, Tuesday Morning Corporation and Tuesday Morning Inc.