1.15%XLF 21.35 0.19%QQQQ 46.12 2.10%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
COLUMBUS, Ohio - Big Lots Inc., which specializes in buying closeout items from other retailers and selling them at a discount, said Thursday its fiscal first-quarter same-store sales climbed 3.4 percent partly due to deals with a furniture maker and a national drugstore chain.
| BIG | 29.71 |  0.16 |
The company said the deals helped boost same-store sales by 1.5 percent to 2 percent.
Same-store sales, or sales at stores open at least two years, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.
Sales were strongest in the consumables and furniture categories, Big Lots said.
Total sales for the period ended May 3 grew 2.1 percent to $1.14 billion from $1.12 billion.
Big Lots plans to report first-quarter financial results on May 29. The company currently runs 1,354 Big Lots stores in 47 states.
Gold Gold has flatlined and is marginally higher this morning with the dollar marginally lower and oil marginally higher on continuing concern...
After presenting together at the MTV Movie Awards, Robert Pattinson, Kristen Ste...
A group of suspected drug users arrested in Denver this weekend with methampheta...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
