Tuesday Morning narrows loss in Q4

Dallas Tuesday Morning Corp. said Tuesday its fiscal fourth-quarter loss narrowed, citing cash and inventory-management improvements.

For the quarter ended June 30, the discount retailer posted a loss of $1.6 million compared with a loss of $2.5 million in the year-ago period.

Sales dropped 4.0% to $188.7 million, as same-store sales fell 6.6% on lower store traffic and smaller purchases.