Big Lots' Sales Pick Up 3.8 Percent in Fourth Quarter
February 3, 2011,
COLUMBUS, Ohio--In a preliminary statement on its fourth-quarter results, Big Lots said net sales finished the quarter at $1.5 billion, up 3.8 percent from the fourth quarter of last year.
Same-store sales in the quarter, which ended on Jan. 29, were flat compared to the prior fiscal year as the January winter storms through much of its major regions provided a major downward push on comparable-store numbers for the last three weeks of the month. Big Lots said furniture, home and seasonal were the departments that registered the best performance in the fourth quarter.
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