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Supply Chain Blues: Big Lots Posts Lower Sales in 2Q

CEO expects continued headwinds




Courtesy of Big Lots

Big Lots (Columbus, OH) on Friday reported lower year-over-year sales for its second quarter as the retailer’s CEO attributed the results to supply chain and freight issues, The Wall Street Journal reports.

Sales declined to $1.46 billion, down from $1.64 billion in 2020’s fiscal second quarter. Comparable sales declined by 13 percent, a stark contrast from the 31 percent comp-sales gain that Big Lots posted in last year’s second quarter during the earlier stages of the pandemic.

“We know that the supply chain headwinds will continue into fall and holiday, and the situation remains fluid,” says CEO Bruce Thorn.

Read more at Marketwatch.



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