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Tuesday Morning Corporation Appoints Brady Churches Chief Executive Officer

Stocks in this article: TUES

DALLAS, Sept. 4, 2012 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (Nasdaq:TUES), a leading closeout retailer with over 850 stores across the United States specializing in selling deeply discounted, upscale home furnishings, housewares, gifts and related items, today announced the appointment of Brady Churches as Chief Executive Officer, effectively immediately. Mr. Churches has also been appointed to the Company's Board of Directors.

Mr. Churches joins Tuesday Morning from Columbus, OH-based Marketing Results, Ltd., where he served as President. He began his career in 1976 at Big Lots, Inc., where over 20 years he served in roles of increasing responsibility that included serving as President from 1993-1995. During his tenure, Mr. Churches played a pivotal role in transforming Big Lots from an automotive discount retailer into the market leader in the off-price retail industry, constructing a footprint of 500 retail units, 10,000 employees, and $1.8 billion in annual revenue. Of particular note, he spearheaded efforts in strategic sourcing, purchasing, distribution, allocation, advertising, and marketing while developing the scalable infrastructure needed to support growth, protect margins and profitability, and secure and retain top market position. In addition to this leadership role at Big Lots, Mr. Churches served as President of Value City Department Stores, Home Store Division, from 2002-2006.

"The Board was searching for a 'Master Merchandiser,' and we believe Brady's track record of merchandising excellence, combined with his high-energy, entrepreneurial mindset, will serve Tuesday Morning very well," said Bruce Quinnell, Tuesday Morning's Chairman of the Board. "We were particularly drawn to his demonstrated success engaging retail customers with the best products delivered at excellent values. This is the core of the Tuesday Morning mission, and the Board is confident that our customers, employees, and shareholders will benefit from his leadership."

"Tuesday Morning possesses a loyal customer base and a competitively-differentiated business model that will be enhanced by new merchandising strategies and sharpened customer focus," Mr. Churches added. "I am eager to provide the strategic insight and operational expertise to unlock the Company's potential in this regard, and I am confident that a renewed sense of purpose will yield the improved performance our stakeholders expect and deserve."

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