With the U.S. Federal Reserve wanting to raise interest rates and the Canadian economy in a technical recession, stock markets on both sides of the border are shaky.
This is likely weighing on the minds of the average consumer, who may already be forgoing luxury purchases. The big winner in this scenario are discount retail stores, which could include the companies on our list today.
Tuesday Morning Corp. TUES - $7.89
Discount Stores
Tuesday Morning Corporation is a merchandiser and retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States.
The Company sells upscale home furnishings, housewares, gifts and other related items. Tuesday Morning's merchandise primarily consists of home decor, furniture, bed and bath, kitchen, electrics, luggage, toys, crafts, pets, and seasonal goods.
Market News and Data brought to you by Benzinga APIs- Market Cap: $453,674,090
- Revenue (LTM, CAD): $1,083,341,935
- Debt (LFQ, CAD): $0
- EBITDA (LTM, CAD): $28,940,410
- Market Cap: $1,128,540,624
- Revenue (LTM, CAD): $275,524,447
- Debt (LFQ, CAD): $9,368,250
- EBITDA (LTM, CAD): -$8,700,732
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