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Big Lots swings to loss in Q3; announces CEO retirement
Columbus, Ohio -- Big Lots Inc. reported Tuesday a loss of $6 million for the third quarter, compared with net income of $4.2 million in the year-ago period. Results, however, topped analysts’ earnings expectations.
Revenue slipped 0.4% to $1.13 billion, missing Wall Street’s forecast of $1.3 billion.
The retailer also announced that its CEO Steven Fishman will retire as chairman and CEO after 40 years in retail. Big Lots has launched a search for his successor; Fishman will stay until a new CEO is appointed. -
Top Must-See Stores … New York City Edition
From ultra-lux boutiques to fast-fashion emporiums, New York City saw an influx of new stores this past year. Here’s our list of the top new must-see stores in the city:
C. Wonder: The brand’s second Manhattan location is even more whimsical and colorful than the first. With decor that includes polka-dot horses, multicolored striped zebras and 6-ft. logo teddy bears, the 8,000-sq.-ft. store personifies C. Wonder’s fun, upbeat personality. (Shops at Columbus Circle, 18 Columbus Circle)