Headlines

Supply Chain Blues: Big Lots Posts Lower Sales in 2Q

CEO expects continued headwinds

Published

3 years ago

August 27, 2021

VMSD Staff

Supply Chain Blues: Big Lots Posts Lower Sales in 2Q — Courtesy of Big Lots

Courtesy of Big Lots

Big Lots (Columbus, OH) on Friday reported lower year-over-year sales for its second quarter as the retailer’s CEO attributed the results to supply chain and freight issues, The Wall Street Journal reports.

Sales declined to $1.46 billion, down from $1.64 billion in 2020’s fiscal second quarter. Comparable sales declined by 13 percent, a stark contrast from the 31 percent comp-sales gain that Big Lots posted in last year’s second quarter during the earlier stages of the pandemic.

“We know that the supply chain headwinds will continue into fall and holiday, and the situation remains fluid,” says CEO Bruce Thorn.

Read more at Marketwatch.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

click to Comment(Comment)

Up Next

Gap Acquires Drapr

Don't Miss

Duer Opens Experiential Flagship in Vancouver

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design