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Big changes and growth for Big Lots
The turnaround plan at Big Lots, which is helping the retailer grow profit and same store sales, is also prompting some management changes.
For the second quarter ended Aug. 1, same store sales increased 2.8%. Net sales increased 1.2% to $1,209.7 million. Big Lots reported a profit of $17.6 million, or 34 cents a share, down from $19.9 million, or 36 cents, a year earlier. Excluding certain items, per-share profit rose to 40 cents from 31 cents. Revenue edged 1.2% higher to $1.21 billion.
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Lack of hit books hits Books-A-Million
Birmingham, Ala. – Books-A-Million needs more best-sellers.
A lack of hit books hit fiscal results of Books-A-Million Inc. during the second quarter of fiscal 2015. Net loss grew to $5.8 million from $3 million the same quarter a year earlier, with costs and expenses rising or staying flat in the face of slipping revenues.
Net sales dipped to $107.9 million, from $108.3 million. Same-store sales dropped 0.3%.

