Big Lots' Sales Rise 6 Percent in Third Quarter
November 3, 2011,
COLUMBUS, Ohio-Improving trends in most of its merchandise categories propelled third-quarter sales for Big Lots up 6 percent, to $1.1 billion.
The third-quarter results, which the retailer issued in a preliminary report, included a same-store sales rise of 1.7 percent. Along with the upward product trends, Steve Fishman, Big Lots' chairman, president and CEO, said the retailer also enjoyed "positive early results to certain of our holiday strategies, and favorable results from our promotional friends-and-family event during the quarter." Specific categories that helped raise sales included home and furniture, he said.