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Article: Big Lots plans a turnaround.
- Article from:
- Mass Market Retailers
- Article date:
- May 8, 2006
CopyrightCOPYRIGHT 2006 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLUMBUS, Ohio -- Big Lots Inc. spent fiscal 2005 attempting to improve its prospects following a dismal 2004, when the closeout retailer saw its profits plunge 64.4%. Under the leadership of Steve Fishman, who was named chairman and chief executive in July 2005, the company has taken stock of its assets and put in motion a number of strategies to improve its bottom line.
Those measures, under a program called WIN, an acronym for What's Important Now, have included store closures, cutting overhead costs and new merchandising strategies. Fishman has said that in the coming year Big Lots will focus on improving the operating-expense structure, merchandising and ...
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Article: Store closings, declining traffic hurt Big Lots in ...
Columbus Dispatch (Columbus, OH);
February 23, 2006 ;
700+ words
... ... traffic combined to depress fourth-quarter earnings, resulting in a loss for the year. Big Lots said yesterday that it ... 14.7 million in the fourth quarter, compared with net income ... year ended Jan. 28, Big Lots lost $10.1 million ...
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