Tuesday Morning sales edge up in Q3, to end year with up to 13 more stores
Dallas — Tuesday Morning Corp. reported Tuesday that sales for the quarter ended March 31 rose 1.3% to $174.3 million, compared with $172 million in the year-ago period.
Same-store sales edged up 0.7%, as traffic dipped 3.2% and average ticket increased 3.9%.
The retailer said it expects capital expenditures of $19 million and to end the fiscal year with 10 to 13 more stores than at the end of the previous year.
Former Walmart executive named head of 8th & Walton
BENTONVILLE, Ark. — A provider of retailer supplier education services has named a 31-year Walmart veteran as its president and CEO.
8th & Walton said Mike Cockrell, who most recently served as chief merchandising officer of Walmart’s Indian joint venture with Bharti before his retirement in February, would lead the company’s efforts to accelerate growth initiatives while enhancing existing services.
"We are excited to have an executive the caliber of Mike Cockrell join 8th & Walton as CEO as we enter a new phase of growth," said 8th & Walton co-founder Matt Fifer. "Mike distinguished himself during a 31-year career at Walmart, where he made important contributions to the company¹s growth, which is why I am confident his leadership and vision will allow 8th & Walton to realize its growth plans."
In related news, 8th & Walton also announced the appointment of Jeff Clapper as chief marketing officer and the promotion of Amanda Apple, who was promoted to director of operations after previously serving as operations manager.
LG brings its first canister vacuums to the U.S.
ENGLEWOOD CLIFFS, N.J. — LG Electronics has announced the introduction of its first canister vacuums for the U.S. market.
"By expanding the LG Vacuum cleaner line-up, LG is now offering American consumers new size and style options that appeal to a variety of home environments," Kim said. "Our newest vacuums use the same core technology that has made the line-up popular among consumers – our patented Kompressor system with a larger dust bin – helping to keep a cleaner and healthier home."
The first of LG’s new canister-type vacuums is theLcV900B PetCare Plus, which features DualForce Suction, a tool bar with an additional motor that spins the brush bar to enhance cleaning performance, a 21-foot-long retractable cord and controls on the handle that let users adjust power and settings remotely – without going back to the base. Other convenience features include a Pet Hair Turbine tool, a 2-in-1 crevice tool/dusting brush and a telescopic wand that can be stored in the canister itself. This modern, compact model comes in a sleek finish.
The LcV800, LG’s second canister-type vacuum cleaner, offers many of the same features as the LcV900B model and is also one of the quietest in the industry. Unique to this vacuum is LG’s EasyMoving Wheel that allows for easy maneuverability on both hard surfaces and carpet with smooth sliding and less pulling for a better cleaning experience. This vacuum is complete with a variety of tools including the Pet Hair Turbine tool and nearly 19-foot-long retractable cord.