Home helps propel Big Lots 1Q sales

Columbus, Ohio — Closeout specialty retailer Big Lots reported an 8.1% increase in fiscal first-quarter sales to $1.22 billion, citing furniture and home as its best-performing categories during the period.

The increase for the quarter ended May 1 was up from $1.13 billion for the same period a year ago. Same-store sales for stores open at least two years increased 6%, coming in at the high end of the retailer's guidance, the company said.

Big Lots chairman, ceo and president Steve Fishman said he was pleased with the same-store sales gain and the continued momentum in business.

"By offering a merchandising assortment that is highly discretionary in nature, we believe our business is uniquely positioned to benefit from an improving economy," he said.

Furniture and home were the leading categories during the quarter, he said, each with double-digit percentage increases.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!