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Article: Home 'Important' but Lagging at Big Lots.
- Article from:
- Home Textiles Today
- Article date:
- March 8, 2009
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By Cecile B. Corral
Columbus, Ohio- Much like its discount chain competitors, Big Lots Inc. is turning to food and other consumables to lift its performance this new fiscal year as the retailer gears up for an expected challenging first quarter.
Yearend and fourth quarter performance of discretionary categories, including home, was "challenged." But home is not under threat, said Steve Fishman, chairman and ceo, during the 1,339-unit closeout chain's fourth quarter and yearend earnings call today.
It's true home is the culprit for "lagging the overall top-line sales performance of the rest of the company for a number of years." But Fishman ...