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Article: TUESDAY MORNING CORPORATION ANNOUNCES SECOND QUARTER SALES
- Article from:
- PR Newswire
- Article date:
- July 7, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, July 7 /PRNewswire/ -- Tuesday Morning Corporation (NASDAQ: TUES), the Dallas based deep-discount retail chain, reported second quarter sales of $44.5 million, up 35 percent over 1992 second quarter sales of $33.0 million. Sales for the six months ended June 30, 1993, increased 24 percent to $71.7 million from $57.6 million.
The record sales increase was boosted by solid comparable store sales growth which increased 16 percent for the quarter and 7 percent for the first half of the year.
"Reducing inventories was a critical factor to the success of this quarter. For the first time ever, Tuesday Morning closed for a physical inventory and reopened prior to ...