Retail Briefs.
Home Textiles Today, November, 2006
By Staff Big Lots Results Yield New Outlook Staff Big Lots Inc. raised its guidance for the fourth-quarter earnings per diluted share (based on continuing operations) to $0.62 to $0.67, compared to the $0.33 recorded for the quarter in 2005. The 1,400-store closeout giant reported third-quarter net income of $1.7 million, beating the net loss of $18.8 million for the same period one year ago.
Net sales grew 5.9% to $1.05 billion, up from $991.4 million last year. Comp sales increased 5.8% for the quarter. Federated Selling Bridal Unit Staff Federated Department Stores will sell its Bridal Group in two separate transactions totaling $850 million in cash. An affiliate of Los Angeles-based Leonard...
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