News

Dallas – Tuesday Morning Corp. reported Tuesday that sales for the quarter ended June 30 edged up 0.8% to $196.4 million, compared with $194.8 million in the year-ago period.

Same-store sales rose 0.2%, comprised of a 2.7% decrease in traffic and a 2.9% increase in ticket. For the fiscal year ended June 30, 2012, net sales were $812.8 million compared to $821.1 million for fiscal 2011.

Based upon the results of the fourth quarter, Tuesday Morning said it expects to narrow its Q4 loss from last year’s quarter.

LOS ANGELES and ST. PETERSBURG, Fla. — Lisa Hoffman Beauty is celebrating HSN's 35 years of innovation by providing their customers with exclusive offers of their fragrance line when it returns to HSN this week. The collection will appear on HSN on July 11 at 6 a.m., 10 a.m., 2 p.m. and 11 p.m.

Los Angeles -- Private equity firm Brentwood Associates has acquired a majority stake in Sundance Holdings Group ("Sundance Catalog").

Sundance Catalog, founded by Robert Redford in 1989 and headquartered in Salt Lake City, Utah, is a multichannel direct marketer and specialty retailer of women's apparel and accessories, jewelry and home furnishings. Selling shareholders, including ACI Capital and Webster Capital, will retain a minority ownership stake, and the business will remain under the leadership of current president and CEO Matey Erdos.

RALEIGH, N.C. — Kerr Drug has promoted Mark Gregory to SVP store operations, effectively immediately, the regional retail pharmacy chain said Monday.

Gregory, who was previously VP pharmacy and government affairs, will report directly to president and CEO Anthony Civello. He also is the company's privacy officer and chairman of its political action committee.

ALBANY, N.Y. — Trans World Entertainment has named John Anderson acting CFO, effective immediately. Anderson has served in positions of increasing responsibility at Trans World for over 18 years, most recently serving as controller since September 2006. Anderson will be replacing Tom Seaver who will be leaving the company to pursue other opportunities after a short transition period.

Framingham, Mass. -- Mobile payments have more than doubled in popularity reaching over 33% of survey respondents, according to IDC Financial Insights’ eighth annual Consumer Payments Survey.

The new report, “Business Strategy: Results from the 2012 Consumer Payments Survey,” found that those that of whose had made a mobile payment, more than half used PayPal Mobile (56%), with Amazon Payments and Apple's iTunes service statistically tied at about 40%. 

TOWACO, N.J. — Bosco brand chocolate syrup is making its Walmart debut in 530 stoes in 12 Eastern states including Maine, New Hampshire, Vermont, Rhode Island, Connecticut, New Jersey, New York, Pennsylvania, Massachusetts, Maryland, Virginia and West Virginia.

Bosco which comes in a 22 ounce squeeze bottle is all-natural and vitamin-fortified. Walmart will sell Bosco for $1.98.     

SKOKIE, Ill. — Topco Associates announced that Andrew Broccolo has joined the company as general counsel. In this new position Broccolo, 46, will report directly to Topco president and CEO Randy Skoda.

“I’m thrilled that Andy is now part of our leadership team,” Skoda said. “Andy will be instrumental in helping Topco effectively manage risk while also providing sound legal advice that assists us in driving our day-to-day business of delivering value to the association’s 52 members.”