FINANCE

Tuesday Morning sales edge up in Q3, to end year with up to 13 more stores

BY CSA STAFF

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.

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OPERATIONS

Finish Line e-commerce head to retire

BY CSA STAFF

Indianapolis — Finish Line said Monday that the president of its e-commerce division will retire.

Don Courtney will depart following a transition period, remaining in his current role during the retailer’s search for his successor.

“E-commerce is a growing and vital part of our business,” said Finish Line chairman and CEO Glenn Lyon. “Don led the development of our website from its inception and he and his team have innovated and helped e-commerce become one of the fastest-growing and important parts of our business.”

Courtney was named to his current position in 2009.

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News

Former Walmart executive named head of 8th & Walton

BY CSA STAFF

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.

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