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Big Lots




Big Lots Inc. (Columbus, Ohio) reported a second quarter net loss of $13.8 million, which included an after-tax charge of $3.8 million related to KB Toys, a former subsidiary of the company. Excluding this charge, the second quarter net loss was $9.9 million, which is consistent with the company’s guidance.

Year to date fiscal 2005 net loss was $6 million, which included the $3.8 million after-tax charge, compared to a net loss of $1.4 million a year earlier. Excluding this charge, the year to date fiscal 2005 net loss was $2.1 million.

Net sales for the second quarter were up 5.6 percent. Same-store sales increased 0.2 percent. That consisted of a 2.5 percent increase in the value of the average basket and a 2.3 percent decrease in customer transactions.

Year to date, net sales increased 6.8 percent and same-store sales increased 1.3 percent.



Embracing Whole-Brained Thinking in the Design Journey

Strategy needs creative, and creative needs strategy—yep, having both is really the only way of unifying all disciplines with a common vernacular with an eye toward building a strong creative vision that is foundational to the processes. Hear from Bevan Bloemendaal, former VP, Global Environments & Creative Services at Timberland, how to connect the dots between disciplines, claiming and creating a clear differentiation for the brand and ensuring that any asset (experience, product, ad, store, office, home, video, game) is created with intention.

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