Tuesday Morning President and COO Resigns
Melissa Phillips has resigned from her position as president and COO of home furnishings retailer Tuesday Morning. The COO position has been eliminated and CEO Steven Becker is stepping in as president. Phillips was with Tuesday Morning for two years, and previously served in leadership roles at Home Depot’s Home Decorators Collection and lifestyle brand Smith and Hawken.
This was a turnaround project for Phillips — she previously stated that she planned to take the company back to its roots (and back to profitability) as a high-end furnishings and gifts retailer by getting rid of noncore sales categories, re-establishing supplier relationships, improving product quality and cleaning up stores.
With the news that Phillips is leaving, Tuesday Morning also announced two leadership promotions. Trent Taylor, currently the retailer’s chief information officer, will take over as chief information and supply chain officer. Also, an unnamed “highly experienced senior vice president of supply chain” is joining the company to work with Taylor, Tuesday Morning officials said.
Tuesday Morning has been struggling lately. In its 2016 fiscal year, Tuesday Morning had profits of $3.98 million, down almost $6.5 million from the previous year.
