| Business Summary | | Tuesday
Morning
Corporation
is
a
closeout
retailer
of
upscale
home
furnishings,
gifts
and
related
items
in
the
United
States.
As
of
December
31,
2000,
the
Company
operated
441
stores
in
41
states.
Tuesday
Morning
operates
its
stores
during
periodic
"sales
events,"
each
of
which
lasts
from
three
to
eight
weeks,
while
closing
them
for
the
remaining
weeks
of
the
year.
The
Company
specializes
in
brand
name
merchandise
such
as
Ralph
Lauren
bed
linens,
Waterman
pens,
Limoges
hand-decorated
boxes,
Steinbach
collectible
nutcrackers,
Steiff
stuffed
animals,
Royal
Dalton
china
and
giftware,
Farberware
cookware,
Martex
bath
towels,
Samsonite
luggage,
Spode
china,
Madame
Alexander
dolls
and
many
others.
While
the
Company
offers
its
customers
consistent
merchandise
categories,
each
sales
event
features
new
products
within
these
categories. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tuesday
Morning
Corporation
is
a
closeout
retailer
of
upscale
home
furnishings,
gifts
and
related
items.
As
of
3/01,
the
Company
operated
441
stores
in
41
states.
For
the
six
months
ended
6/30/01,
net
sales
rose
16%
to
$257.8
million.
Net
income
decreased
36%
to
$4.3
million.
Results
reflect
a
4.1%
increase
in
comparable
store
sales
and
the
opening
of
new
stores,
offset
by
lower
margins
and
increased
store
labor,
energy
and
waste
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Benjamin Chereskin, 42 Chairman | -- | -- | Kathleen Mason, 51 Pres,
CEO, Director | $286K | -- | Mark Jarvis, 49 CFO,
Exec. VP | 259K | $156K | G. Michael Anderson, 48 Exec.
VP, Buying Group | 283K | 232K | Michael Marchetti, 44 Sr.
VP, Strategic Planning | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|