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Big Lots quarterly comps flat
COLUMBUS, Ohio -- Big Lots announced that fourth quarter retail sales for the fiscal quarter ended Jan. 29 were $1.5 billion, an increase of 3.8% compared with $1.451.5 million for the fourth quarter of fiscal 2009.
Comparable-store sales were flat for the fourth quarter of fiscal 2010, which is consistent with the low end of the company's previously communicated guidance of flat to an increase of 2%.
From a merchandising perspective, furniture, home, and seasonal were the best performing categories, the company reported.
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The worst kept secret in retail
BJ’s Wholesale Club this week formally announced that it planned to explore strategic alternatives and confirmed what had been speculated about in the market place for at least four years. The possible sale of BJ’s and its 189 clubs isn’t likely to have a meaningful impact on the marketplace and could potentially benefit the likes of Sam’s Club and Costco.