Monday, March 6, 2017

Big Lots holds steady; store of the future coming

Big Lots on Friday posted an unexpected decline in total revenue in its fourth quarter as a reduced store count cut into its sales. But the chain’s earnings topped the Street. 
   
 Same-sales rose 0.3%, the company’s 12th consecutive quarter of flat or positive comparable store sales.
 
On the chain’s quarterly earnings call, CEO and president David Campisi said Big Lots will test its store of the future in two markets this year.. . . more

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