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Big Lots Stores, Inc.

  • Off-price giant soars in Q3; raises outlook

    The TJX Companies topped earnings and sales forecasts for its third quarter as deal-loving consumers flocked to its stores.   The off-price apparel and home goods retailer reported that net sales for its third quarter, ended Oct. 29, rose 7% to $8.3 billion, on top of a 5% increase last year.    

  • Crafting retailer names head merchant

    Jo-Ann Fabric and Craft Stores has appointed a permanent chief merchandising officer.    Sharyn Hejcl has been promoted to executive VP, chief merchandising officer. For the past year, Hejcl served as the interim head of merchandising in conjunction with her role as senior VP, inventory management and supply chain. She will continue to report to the chain’s president and CEO Jill Soltau.  

  • Staples names interim CEO as permanent chief

    Staples has chosen a company veteran as its new CEO.   The retailer on Monday named Shira Goodman as its president and CEO and as a member of its board of directors, effective immediately.  Goodman, who has been been with Staples 24 years, has been serving as interim CEO since May when she took over for Ron Sargent, who resigned in the wake of the company’s failed attempt to acquire rival Office Deport.    

  • Finish Line had a good run in Q2

    The Finish Line Inc. on Friday posted Q2 sales that topped analysts expectations and announced a quicker-than-planned transition for its executive chairman   The athletic goods retailer reported a profit of $22.1 million, or 53 cents a share, in line with expectations, down from $25.9 million, or 57 cents a share, a year earlier.     Consolidated net sales for the quarter, ended Aug. 31, rose a 5.4% to $509.4 million, better than expected. Same-store store sales increased 5.1%, also topping forecasts.

  • Pet giant lures former Restoration Hardware exec

    Petco appointed retail veteran John Zavada as senior VP and CIO.   In his new position, Zavada will lead Petco's information technology strategies, teams and projects, including the company's business process optimization and enterprise program management office.    Prior to joining Petco, Zavada served as senior VP and CIO at Restoration Hardware. He also held CIO positions at Guitar Center, Big Lots, Limited Inc., and Victoria's Secret Stores.  

  • Toys ‘R’ Us continues to narrow loss

    Things are looking up for Toys “R” Us.   The nation’s largest specialty toy retailer posted a 20% increase in operating profit and reduced its net loss for the second-quarter amid reduced costs, including the expense of running its now-shuttered Times Square flagship.    In addition, the retailer announced it successfully reached an agreement to refinance all of its 2017 notes and a portion of its 2018 maturities.  

  • Big Lots profit tops Street; raises forecast

    Big Lots Inc. isn’t letting soft sales in the second quarter damper its outlook. Instead, the retailer raised its profit forecast for the year.   The discounter on Friday reported fiscal second-quarter net income of $22.7 million, which surpassed analysts’ expectations, from $17.64 million in the year-ago period.   Revenue totaled $1.2 billion in the period, which missed Street forecasts. Same-store sales inched up 0.3%.  

  • American Eagle Outfitters soars in Q2

    American Eagle Outfitters’ profit, revenue and same-store sales increased in the second quarter, with its results topping expectations.   The chain posted a profit of $41.6 million for the quarter, up 25% from $33.3 million in the year-ago quarter.   Total net revenue increased 3% to $823 million, from $797 million in the year-ago period.   Consolidated same-store sales increased 3%.   
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