Big Lots Reaffirms Home Trade-up
March 26, 2007,
Speaking at the Merrill Lynch 30th Annual Retailing Leaders Conference last week, Big Lots chairman and ceo Steve Fishman emphasized that the $4.7 billion closeout retailer is shifting toward better home textiles offerings: "We want 400 count sheets at $30 instead of 200 count sheets at $20; we want great comforters in $40 sets — we don't need $9.99 or $19.99 comforter sets," Fishman said.
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