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Article: Big Lots Reports Fourth Quarter Comparable Store Sales Decrease of 3.2%.
- Article from:
- Science Letter
- Article date:
- February 17, 2009
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Big Lots, Inc. (NYSE: BIG) reported fourth quarter retail sales for fiscal quarter ended January 31, 2009 decreased 3.4% to $1,353.1 million, compared to $1,400.8 million for the fourth quarter of fiscal 2007. Comparable store sales for stores open at least two years at the beginning of the fiscal year decreased 3.2% for the fourth quarter of fiscal 2008. Our fourth quarter comparable store sales decrease of 3.2% was in line with our guidance communicated on December 5, 2008 which called for a comparable store sales decline in the range of 2% to 4% (see also Big Lots, Inc.).
For the fifty-two week fiscal 2008, retail sales decreased 0.3% to $4,594.2 million, ...