Tuesday Morning's efforts to get back on track continue with its return to the Nasdaq.
The off-price retailer, which exited Chapter 11at the beginning of this year after closing about 200 stores, announced that the Nasdaq stock market has approved its application for the relisting of the company's common stock. The stock is expected to be relisted and commence trading at the opening of the market on or about Tuesday, May 25, 2021, under the ticker symbol "TUEM." (Tuesday Morning was delisted last May when it filed for bankruptcy.)
Earlier this month, Tuesday Morning named Fred Hand as CEO and a member of the board. He joined the retailer from Burlington Stores, where he has served as principal/COO.
"Our relisting on Nasdaq signifies the company's recent financial and operational achievements as we continue to build a stronger company," said Hand. "This step is a landmark moment in the next part of our journey as a leader in the off-price retail market. Tuesday Morning is poised for a bright future and is well-positioned to continue serving our stakeholders, valued customers and business partners."
Based in Dallas, Tuesday Morning currently operates 490 stores in 40 states.