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July 19, 2011

Big Lots completes Liquidation World purchase, makes exec appointments

Big Lots announced Tuesday that it has completed its acquisition of Brantford, Ontario-based Liquidation World, representing Big Lots’ first foothold outside of the United States.

Columbus, Ohio -- Big Lots announced Tuesday that it has completed its acquisition of Brantford, Ontario-based Liquidation World, representing Big Lots’ first foothold outside of the United States.

Closeout retailer Liquidation World currently operates 89 stores in Canada.

May 26, 2011

Big Lots cuts outlook; to acquire Canada’s Liquidation World

Big Lots on Thursday trimmed its expectations for the year amid a fall in first-quarter earnings. In a separate statement, Big Lots said it signed an agreement to buy the Canadian closeout retail chain Liquidation World.

Columbus, Ohio — Big Lots on Thursday trimmed its expectations for the year amid a fall in first-quarter earnings. In a separate statement, Big Lots said it signed an agreement to buy the Canadian closeout retail chain Liquidation World.

Based in Brantford, Ontario, Liquidation World operates 92 stores in Canada. It is Big Lots’ first expansion outside of the United States

Big Lots posted earnings of $52.5 million for the period ended April 30, compared with $55.9 million a year earlier.

January 25, 2011

Tuesday Morning reports profit, sales dip in Q2

Tuesday Morning Corp. said Monday that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

Dallas -- Tuesday Morning Corp. said Monday that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

December 4, 2008

Big Lots 3Q Income Down

Closeout retailer Big Lots said third-quarter net income fell 15% to $12.2 million from $14.3...

October 20, 2008

Big Lots Launches E-Commerce Site

Big Lots announced Tuesday that it launched an e-commerce Web site. Similar to its in-store...

June 11, 2008

Big Lots Sees Potential for 1,800 Stores

Big Lots Inc.'s chief executive said on Wednesday that the closeout retailer is ready to...

May 26, 2008

Big Lots Names Exec

Big Lots announced on Tuesday the appointment of Christopher Chapin as senior VP of store...