Author: Mark Hamstra

Off-price retailer Big Lots said Thursday it is moving forward with turnaround efforts, and is optimistic about its outlook for 2024, including in the food and consumables categories. Comparable store sales improved “modestly” in the food and consumables categories in the fourth quarter, relative to the third quarter, on a year-over-year basis, the company said in a conference call discussing on results for the financial year, which ended on Feb 3. Related: Instacart adds Big Lots to retail partner base”We are focused on accelerating the penetration of extreme bargains, especially in the food category, which should drive even more significant…

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