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Big Lots misses on Q3 loss, revenue
Columbus, Ohio – Big Lots Inc. came up smaller than Wall Street expected with its fiscal performance in the third quarter of fiscal 2014. Net loss shrank to a higher-than-expected $3.44 million from $9.52 million in the same quarter the prior fiscal year.
Net sales marginally grew to $1.11 billion from $1.1 billion, and same-store sales increased 1.4%. The company expects low-single-digit increases in same-store sales for the fourth quarter and full fiscal year 2014.
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Genesco CFO to retire; reports Q3 profit miss
Nashville, Tenn. — Genesco Inc. announced that James S. Gulmi, senior VP and CFO, will retire at the end of its current fiscal year. He will be succeeded as CFO by Mimi E. Vaughn, the company's current senior VP —strategy and shared services. Gulmi, who has served as Genesco's CFO since 1986, will continue as senior advisor to the company for at least the next year.

