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Tuesday Morning Corp. Sees Better Foot Traffic

DALLAS-But sales remain slow at the home furnishings chain, where comps dropped 9.5%.

By Debra Hazel | Updated on April 28, 2009

DALLAS-Foot traffic is improving at Tuesday Morning Corp. stores, but sales remain small, executives said at the company’s third quarter conference call.

For the quarter, net sales were $167 million, down 6.4% from the same period last year. Comparable store sales decreased 9.5%. The decrease in comparable store sales was comprised of a 1.7% decrease in traffic and a 7.8% decrease in average ticket. The company reported a net loss of $6.8 million, compared to a net loss of $4.7 million during the same quarter last year.

“We did see foot traffic improve sequentially into March and through March,” said Kathleen Mason, president and CEO. “Our customer has shopped more frequently, but bought much smaller baskets.”

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