Headlines

Big Lots Reports Modest Q3 Growth

Seventh consecutive quarter of gains

Published

8 years ago

December 9, 2015

Big Lots Inc. (Columbus, Ohio) released its third-quarter earnings report, which showed a modest gain in revenue (less than one percentage point) and a 2.6-percent growth in comparable sales. Gross margin increased from 38.9 percent to 39.4 percent.

This marks the seventh consecutive quarter that the retailer has experienced growth in comparable sales, and it expects comparable-store sales to increase between 1 to 2 percent next quarter as well.

The retailer, however, reported a loss of $1.5 million, compared with a loss of $3.4 million from last year, reports The Wall Street Journal.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design