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April 29, 2013
Big Lots has Lots2Give to schools in need

Big Lots, North America's largest broadline closeout retailer, has launched its sixth annual Lots2Give program to benefit schools in need of financial support.

COLUMBUS, Ohio — Big Lots, North America's largest broadline closeout retailer, has launched its sixth annual Lots2Give program to benefit schools in need of financial support. 
 

January 4, 2013
Big Lots taps KC agency for new campaign

Kansas City-based advertising agency Barkley was hired by Big Lots to help the closeout retailer with a broad range of marketing and brand strategy initiatives.

Kansas City-based advertising agency Barkley was hired by Big Lots to help the closeout retailer with a broad range of marketing and brand strategy initiatives.

Barkley will provide Big Lots with full-service advertising and marketing duties including brand strategy, and broadcast, print and in-store executions. Barkley will also partner with Big Lots on web strategy and execution.

December 4, 2012
Big Lots loss only half as bad as planned

The addition of 27 new stores wasn’t enough to prevent Big Lots from reporting a 1.9% sales decline during the quarter ended October 27.

The addition of 27 new stores wasn’t enough to prevent Big Lots from reporting a 1.9% sales decline during the quarter ended October 27.

September 4, 2012
Closeout veteran named CEO at Tuesday Morning

Leading closeout retailer Tuesday Morning named Brady Churches as CEO three months after the departure of former CEO Kathleen Mason.

Leading closeout retailer Tuesday Morning named Brady Churches as CEO three months after the departure of former CEO Kathleen Mason.

According to the operator of 850 stores, the board was searching for what it called a "master merchandiser," and believed Churches’ track record of merchandising excellence, combined with his high-energy, entrepreneurial mindset would serve Tuesday Morning very well.

August 23, 2012
Big Lots big disappointment

The nation’s leading closeout retailer offered a bleak outlook for the remainder of the year following worse than expected second quarter results and announced the departure of its top merchant.

The nation’s leading closeout retailer offered a bleak outlook for the remainder of the year following worse than expected second quarter results and announced the departure of its top merchant.

August 3, 2012
Things get ugly at Tuesday Morning

A lawyer representing former Tuesday Morning CEO Kathleen Mason asserts the closeout retailer fire her upon learning she was diagnosed with breast cancer.

DALLAS — A lawyer representing former Tuesday Morning CEO Kathleen Mason asserts the closeout retailer fire her upon learning she was diagnosed with breast cancer.

Kathleen Mason, the former President and CEO of the Dallas-based, closeout retailer, has filed charges of disability discrimination against her former employer with the Equal Employment Opportunity Commission (EEOC).
 

July 19, 2011
Big Lots completes Canadian trifecta for U.S. retailers

Big Lots has acquired 89 Liquidation World stores in Canada and becomes the latest U.S. retailer to pursue growth opportunities north of the border.

COLUMBUS, Ohio — Big Lots has acquired 89 Liquidation World stores in Canada and becomes the latest U.S. retailer to pursue growth opportunities north of the border.

The company said it invested $20 million in cash and assumed certain liabilities in order to purchase all outstanding shares, satisfy debt obligations, and acquire all assets and leasehold rights of Liquidation World, an operator of 89 stores offering closeout merchandise. Big Lots currently operates 1,405 stores in the United States.

June 21, 2011
Borders closeouts take toll on B&N quarter

Borders' closings, and subsequent clearance sales, took a toll on Barnes & Noble's fourth-quarter results.

NEW YORK — Borders' closings, and subsequent clearance sales, took a toll on Barnes & Noble's fourth-quarter results. B&N said that its 2.9% drop in same-store sales for the quarter were temporarily negatively impacted by the liquidation of over 200 Borders bookstores during that time. 

The trouble didn't end there for Barnes & Noble, which reported a fourth-quarter consolidated net loss of $59 million, or $1.04 per share. The company's total store sales were $943 million.

May 26, 2011
Big Lots ventures into Canada, 4Q comps slip

For the first time, Big Lots is expanding its retail operations outside of the United States with the announcement that it has agreed to purchase all of the outstanding stock of Liquidation World Inc., an Ontario based retailer which operates 92 closeout stores in Canada.

COLUMBUS, Ohio — For the first time, Big Lots is expanding its retail operations outside of the United States with the announcement that it has agreed to purchase all of the outstanding stock of Liquidation World Inc., an Ontario based retailer which operates 92 closeout stores in Canada. 

January 25, 2011
Tuesday Morning quarterly profits down

Tuesday Morning reported 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 reported 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.

October 11, 2010
Losses lessen at Tuesday Morning

Closeout retailer Tuesday Morning said its total sales increased 4.2% to $172.8 million and same...