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Tuesday Morning Q3 same-store sales up 2.8%
Dallas -- Tuesday Morning Corp. said total sales for the third quarter ended March 31 increased 3.1% to $178.1 million, from $172.7 million in the year-ago period.
Same-store sales rose 2.8%, boosted by increases in average transaction value and customer traffic.
For the nine-month period ended March 31, revenue at stores open at least a year increased 3.7% and total sales rose 3.2% to $636.2 million, from $616.4 million.
The company plans to release its full third-quarter results on April 25. -
Ron Johnson Ousted as J.C. Penney CEO
By Robert Passikoff, president, Brand Keys
In 2000, the average tenure of a CEO was 10 years. In 2008, it was down to eight and half, signaling a slightly higher degree of corporate and brand accountability by boards and shareholders. Ron Johnson, the now former-CEO of J.C. Penney, only lasted 17 months.