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.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.