Analyst Research

Report Title Price
Provider: S&P Capital IQ Factual Report
$150.00
Provider: Pechala's Reports
$15.00
Provider: Stock Traders Daily
$20.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Big Lots Inc Closes Existing Wholesale Operations; Issues Q3 2013 Charge Guidance


Friday, 1 Nov 2013 09:00am EDT 

Big Lots Inc announced the intention to close Big Lots Wholesale, Consolidated International, and Wisconsin Toy wholesale operations by the end of fiscal 2013. It is anticipated during this wind down period, the wholesale business will liquidate its inventory and associates where and when possible will be assimilated into retail operations over the next 90 days. Based on the announcement, the Company estimate recording a pretax charge in the range of $5 to $8 million during the third quarter of 2013. This charge was not included in the guidance provided on August 30, 2013. The Company intend to wind down the wholesale operations during the fourth quarter of 2013. Upon completion of the wind down, the entirety of the financial results of the wholesale business will qualify for discontinued operations treatment for fiscal 2013. 

Company Quote

59.68
1.02 +1.74%
21 Oct 2014