The off-price retailer’s attempts to re-establish itself in the market are on track with its return to the Nasdaq.
After it exited Chapter 11 at the beginning of this year after closing about 200 stores, Tuesday Morning has announced that the Nasdaq stock market has approved its application for the relisting of the company’s common stock, with the stock expected to be relisted today.
Earlier this month, Tuesday Morning named Fred Hand as CEO and a member of the board. He joined the retailer from Burlington Stores, where he has served as Principal/COO.
“Our relisting on Nasdaq signifies the company’s recent financial and operational achievements as we continue to build a stronger company,” said Hand. “This step is a landmark moment in the next part of our journey as a leader in the off-price retail market. Tuesday Morning is poised for a bright future and is well-positioned to continue serving our stakeholders, valued customers and business partners.”
Based in Dallas, Tuesday Morning currently operates 490 stores in 40 states.
