TUEM Stock: Why It Significantly Increased Today

By Amit Chowdhry ● Sep 16, 2021
  • The stock price of Tuesday Morning (NASDAQ: TUEM) increased by over 35% during intraday trading today. This is why it happened.

The stock price of Tuesday Morning (NASDAQ: TUEM) – a leading off-price retailer of home goods and décor – increased by over 35% during intraday trading today. Investors are responding positively to Tuesday Morning announcing that Paul Metcalf has been named Principal and Chief Merchant effective September 14, 2021. Metcalf is a well-respected off-price merchant leader with a proven history of optimizing financial growth for retail businesses.

Metcalf has been in a consultant capacity with the company as Acting Chief Merchant since April 2019. And Metcalf has over 30 years of retail experience. Before his consulting role at Tuesday Morning, he was the Executive Vice President and Chief Merchandising Officer at Burlington Stores. While there, Metcalf successfully led the transformation of the merchant organization and helped to take the company public in 2013. Prior to his role at Burlington Stores, Metcalf was a senior leader in the merchant organization for The TJX Companies. Most recently, Metcalf led a similar successful merchandise turnaround at the off-price retailer Gabriel Brothers. He started his career with May Department Stores where he held a variety of positions within the merchant organization.

Metcalf is going to lead Tuesday Morning’s merchant and planning and allocation organizations.

KEY QUOTES:

“I am very pleased to welcome Paul as a permanent member of the team. Paul is an exceptional merchant and his experience and successful track record will help advance Tuesday Morning’s repositioning as we work to return the Company to a leader in the off-price segment.”

— Fred Hand, Tuesday Morning’s CEO

“I am very excited about the opportunities at Tuesday Morning and look forward to once again working with Fred and Marc Katz, as well as the entire Tuesday Morning organization.”

— Paul Metcalf

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.