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Big Lots Stores, Inc.

  • Wal-Mart reports rare sales boost, anticipates highly promotional holiday season

    Bentonville, Ark. -- A rare sales bump may provide the world’s largest retailer just the momentum it needs going into the important holiday season, say Wall Street analysts, as Wal-Mart reported that 3Q same-store sales rose at U.S. namesake stores for the first time in nearly two years.

     

    However, Wal-Mart tempered the news with warnings that a highly promotional environment lies ahead.

     

  • Big Lots creates new national holiday

    Retailers employ all manner of promotional tactics to drive holiday sales and this year Big Lots has even created a new national occasion to serve as the basis of a promotion.

    The leading closeout retailer has declared Nov. 16-22 as the nation’s first “Decorate Your Home for the Holidays Week,” to provide inspiration and motivation to shoppers to begin decking the halls this holiday season.

  • Big Lots is mom’s new best friend

    Big Lots celebrates families and mothers in particular through its national holiday television and online campaign launched on Nov. 1.

    The campaign features four original songs - one in Spanish - which are intended to inspire sing-alongs.  The spots feature a singing trio that includes "America's Got Talent" finalist Deanna DellaCioppa, a Boston native who has performed with Stevie Wonder and Diana Ross. 

    In this campaign, Big Lots emphasizes a special role mothers play in celebrating the holidays. 

  • Starbucks swings to profit in Q4, plans 1,650 new stores

    Seattle –- Starbucks Corp. topped off a generally successful fourth quarter of fiscal 2014 by swinging to net income of $587.9 million from net loss of $1.23 billion the fourth quarter of the prior fiscal year. The removal of a one-time arbitration charge of $2.8 billion helped bring Starbucks into the black.  
  • Thanks to Saks, HBC’s sales & profit soar in Q2

    Hudson's Bay Company is reaping the rewards of its acquisition last year of Saks. The company’s retail sales soared 86.6% to $1.8 billion, from $948 million in the prior year.

    Consolidated same-store sales increased by 1.9% on a local currency basis, with increases of 1.1% at HBC’s department store group (DSG), 2.2% at Saks Fifth Avenue and 14.9% at Off 5th. Digital commerce sales totaled $162 million, including $116 million from Saks and growth of 82.2% at DSG.

  • Gabriel Brothers comes to Eastwood Mall

    Niles, Ohio – Discount apparel retailer Gabriel Brothers opens a new store at the Eastwood Mall Complex in early November. The new 64,900-sq.-ft. store will open in the McKinley Centre section of the complex, near PetSmart and Big Lots.

    The Eastwood Mall Complex offers more than 200 department stores, specialty shops, restaurants and entertainment options. The Eastwood Mall Complex is owned and managed in association with Cafaro-affiliated companies, based in Youngstown, Ohio.

     

  • Big Lots looks to live down closeout image

    Improved merchandising strategies and marketing execution at Big Lots has president and CEO David Campisi feeling good about prospects for a company that continues to distance itself from its closeout roots.

  • Dillard’s ‘disappointed’ in bottom-line performance

    Despite an increase of 1% in comparable store sales, Dillard’s CEO William T. Dillard II expressed disappointment in the company’s bottom line performance.

    The company’s net sales for the 13 weeks ended Aug. 2 were $1.475 billion, compared to net sales of $1.480 billion for the 13 weeks ended Aug. 3, 2013. Net sales include the operations of the company’s construction business, CDI Contractors.

  • Big Lots expands food assortment

    Columbus, Ohio – Big Lots Inc. is expanding its food selections in all of its 1,491 stores across the country. The department will feature more brand name products, improved product arrangement and well-designed signage to make shopping easier.

  • Starbucks Q3 revenue up 11%; increases Americas store openings

    Seattle -- Starbucks that its consolidated net revenue growth accelerated 11% in the third quarter, to $4.2 billion. Consolidated operating income increased 25%, to $769 million.

    The coffee giant raised the number of net new stores it expects to open in its Americas region from 600 to 650.

    Global same-store sales increased 6%, marking the 18th consecutive quarter of global comp growth of 5% or greater. Same-store sales in the United States rose 7%.  

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