Retail News

Big Lots’ top and bottom lines suffer from supply chain woes

MarketWatch 08/27/2021

Supply chain and related issues along with inflationary pressures took their toll on Big Lots’ business in the second quarter. The retailer said that same-store sales declined 13 percent compared to last year’s pandemic-boosted 31 percent jump. Big Lots posted adjusted earnings of $2.75 a share, well ahead of the $1.12 expected by analysts.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!