Big Lots Suspends Dividend - Update
(RTTNews) - While reporting financial results for the first quarter on Thursday, discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the second quarter.
Given significant uncertainty in the macroeconomic environment, at this point the company is not providing formal full year guidance.
For the second quarter, the company expects comparable sales to decline in the high-teens.
On Tuesday, the company's Board of Directors also declared a suspension of the dividend.
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Big Lots Agrees Sale To Nexus, Files For Bankruptcy
Discount home goods retailer Big Lots, Inc. announced that it has entered into an agreement to be acquired by an affiliate of Nexus Capital Management LP. To facilitate the deal, the company, together with its units, initiated Chapter 11 Bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware.
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Big Lots Guides Q2 Comp Sales - Update
While reporting financial results for the first quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the second quarter.
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P&G Recalls 8.2 Mln Defective Laundry Detergent Packets
Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer packaging meant to prevent access to the contents...
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Big Lots Guides Q1 Comp Sales - Update
While reporting financial results for the fourth quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the first quarter.
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Big Lots Guides Q3, Q4 Comp Sales - Update
While reporting financial results for the second quarter on Tuesday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the third and the fourth quarters.
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Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4
Retailers Best Buy Co., Inc. (BBY) and Macy's, Inc. (M) reported on Thursday profits for the fourth quarter that decreased from last year, but results for the quarter topped analysts' estimates. Meanwhile, Big Lots, Inc. (BIG) slipped to a loss, but the loss came in narrower than expectations.
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Retailers Dollar General, Big Lots Report Weak Results; Stock Down
Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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