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Big Five Q1 income slides 54%
El Segundo, Calif. -- Big 5 Sporting Goods Corp.’s first-quarter net income fell 54% and missed analysts' expectations because of increased expenses as customer traffic declined.
The company also gave a second-quarter earnings outlook much lower than Wall Street's view.
Big 5 reported late Tuesday that it earned $2.8 million for the period ended April 3, down from $5 million a year ago.
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Oracle World Retail Awards: Call for entries
New York City -- Retailers from around the world have until May 20 to enter the annual global competition, the Oracle World Retail Awards. Online entry is open at worldretailcongress.com.
The awards, designed to recognize the outstanding innovation and creativity delivered by l retailers worldwide, are presented each year at a gala event during the World Retail Congress. This year’s presentation will be held Sept. 27 in Berlin.The winners in 2010 were as follows: