Tag Archives: Michael Rouleau

Tuesday Morning Narrows Q1 Loss


DALLAS-With the retailer’s Turnaround Phase finished, Tuesday Morning reported a first-quarter net loss that was significantly reduced from the loss in last year’s first quarter. The loss for the quarter, which ended on Sept. 30, totaled $6.2 million, compared to the $12 million loss last year. Net sales jumped 10.1 percent to $202.2 million, includingMore »

Last updated: November 4, 2014

Tuesday Morning Cuts Losses for Q4, FY


DALLAS-Thanks to increased sales and margins, along with lower expenses, Tuesday Morning was able to drain some of the red ink from its bottom line for both the fourth quarter and the fiscal year ending on June 30. The fourth-quarter net loss totaled $7.4 million, compared to last year’s net loss of $15.6 million inMore »

Last updated: August 22, 2014

Tuesday Morning Ups Hixon to Head Store Operations

Tuesday Morning

DALLAS-Phillip Hixon, Tuesday Morning’s vice president of store planning, has been promoted to senior vice president of store operations. The move puts Hixon in charge of all aspects of the closeout retailer’s store operations. He reports to CEO Michael Rouleau, and is succeeding Don Mierzwa, who is retiring. Hixon joined Tuesday Morning last year. PriorMore »

Last updated: June 5, 2014

Davidson Named Marketing SVP at Tuesday Morning

Susan Davidson

DALLAS-Tuesday Morning has appointed Susan Davidson senior vice president of marketing. In her new role, Davidson is responsible for developing marketing programs, driving customer traffic, expanding same-store sales and strengthening the consumer bond with Tuesday Morning. She reports directly to CEO Michael Rouleau. Davidson is succeeding Ross Manning, who has left the closeout retailer toMore »

Last updated: June 4, 2014

Tuesday Morning CEO Ramps Up Turnaround Efforts

Michael Rouleau

DALLAS-Tuesday Morning narrowed its third-quarter net loss from $12.4 million to $8.4 million, and is set to begin what its CEO, Michael Rouleau, termed the final phase of its turnaround. The retailer’s numbers for the quarter, which ended on March 31, improved thanks to increased sales and more effective cost controls. Net sales rose 2.6More »

Last updated: May 12, 2014

Tuesday Morning Goes from Loss to Gain in Q2

Tuesday Morning

DALLAS-Thanks to what CEO Michael Rouleau called “a disciplined program aimed at improving operations,” Tuesday Morning turned its bottom line from red to black in its fiscal second quarter, posting $17.7 million in net income compared to a net loss of $21.5 million one year ago. The improvement in the closeout retailer’s operations can beMore »

Last updated: January 31, 2014

Boyer Named to Head Tuesday Morning Administration, Finance

Tuesday Morning

DALLAS-Tuesday Morning has appointed Jeffrey Boyer executive vice president, chief administrative officer and chief financial officer. The move puts Boyer in charge of the closeout retailer’s administrative and financial operations. As chief administrative officer, he is filling a post that had been vacant for some time. As chief financial officer, he is succeeding Stephanie Bowman,More »

Last updated: September 10, 2013

Tuesday Morning Loss Jumps in Q4

Tuesday Morning

DALLAS-Reduced margins and one-time charges increased the fourth-quarter net loss for Tuesday Morning from $2 million to $15.6 million. For the fiscal year, the closeout retailer reported a net loss of $56.4 million, compared to net income of $3.9 million for the prior fiscal year. Increased markdowns on clearance inventory—along with a flow-through of moreMore »

Last updated: August 21, 2013