Thursday August 15th, 2013 - 3:09PM
Tuesday Morning, a close out retailer specializing in home-related name brand gifts, home furnishings, housewares and more, announced on its website that it will no longer be selling merchandise online. The company stated that the nature of the closeout business and focus on the "treasure hunt" in stores was the reason for the change.
After announcing a net loss of $21.5 million for its second quarter ended December 31, 2012, Brady Churches, Tuesday Morning president and CEO, stated that the 850 brick and mortar store company should anticipate "a major revitalization across every facet of our operations." According to published reports, Tuesday Morning web sales made up only 1% of its total.
"As part of Tuesday Morning's ongoing renewal, management is focusing time and resources on our customers' in-store experience, where 99% of our revenue is generated," a spokeswoman said in a Wall Street Journal report.