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Here's where the shoppers were last Christmas
Tuesday Morning's value proposition clearly resonated with shoppers over the holidays as the off-price retailer reported an impressive increase in same-store sales for the second quarter.
The Texas-based retailer said that for the second quarter and six months ended Dec. 31, net sales were $319.9 million for the second quarter, an increase of $18.5 million from the prior year period. Same-store sales increased 8.4%. Operating income for the second quarter was $20.6 million. Diluted income per share was 43 cents.
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European grocer gears up for U.S. expansion
German discount supermarket chain Lidl has revealed where it will drop its anchor in the United States.
The retailer revealed on its website that it is seeking locations between New Jersey and Georgia. It said it is looking to build stand-alone, 36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150 parking spaces.

