Tuesday Morning
Tuesday Morning Corporation is one of the original American discount closeout retailers specializing in name-brand merchandise for the home priced below department and specialty stores. The company is headquartered in Dallas, Texas. History. Tuesday Morning was established in 1974 by Lloyd Ross. Ross worked with big-name manufacturers to buy their excess merchandise and host limited-time warehouse sales to offer these goods at a discount to the public. The company moved to a pop up retail location in 1979 with seasonal events. The company went to full-time retail operations in 1979 and went public in  1984 with 57 stores. At its peak in 2018, the company operated over 700 locations and had sales of over $1 billion. Tuesday Morning focuses on discount home goods. In May of 2020, after extended store closures due to the COVID-19 pandemic, the company filed for Chapter 11 bankruptcy reorganization and was delisted from the American Stock Exchange. During the reorganization process the company closed close to 200 unprofitable store locations and a distribution center.   In December of 2020, the company emerged from bankruptcy with a rights offering, enabling the ability to pay all vendor claims in full and  protect of shareholder value.  Upon emerging, the company established a new executive leadership team who have yet to live up to expectations and the company stock has headed into a significant downward spiral since they took over. On May 25, 2021 the company was re-listed on the NASDAQ stock exchange under TUEM.