Monday, March 12, 2018

Big Lots focused on furniture as sales dip

Retail Leader

It looks like furniture is turning out to be a winning focus for Big Lots, which reported a big boost in profits during the fourth quarter.

Big Lots reported that net income for the period ended Feb. 3 increased 16.4% to $104.8 million from $90.1 million in the prior year. In Q4, same store sales at Big Lots decreased 0.1%, compared to guidance of flat to an increase of 2%.. . . more