Mystery retailer’s loss is Big Lots’ gain    

Columbus, Ohio -- National closeout retailer Big Lots recorded 2Q sales of $1.08 billion and posted a quite respectable 5.2% same-store sales gain.

Comps, the retailer said were “positively impacted by a large closeout deal from a major home furnishings retailer, which the company estimates increased comparable store sales by approximately 2%.”

The 1,369-store Big Lots offered a single clue to the mystery retailer’s identity, noting, “On a regional basis, sales results were strongest in the Northeast and Southern regions with the Western region trailing the company average as it had the fewest stores benefiting from the home furnishings deal noted above.”

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HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!