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Big Lots Q3 Earnings Break Records, Blow Past Forecasts

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Discount retailer Big Lots reported a third-quarter profit of $29.9 The Columbus, Ohio-based chain has beat revenue forecasts three times over the last four quarters. million on $1.38 billion in revenue, surpassing Wall Street’s forecasts. The average revenue estimate of six analysts surveyed by Zacks Investment Research was $1.38

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The Limited Brand’s Days Could Be Limited

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After disappointing third quarter financial numbers, clothing retailer The Limited may be be going in another direction. According to Bloomberg , the brand pulled in Kirkland & Ellis to be its legal adviser and Guggenheim Securities and RAS Management Advisors for help with a debt restructuring and any asset sale.

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Big Cuts Coming To Macy’s

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Over 10K will be on the chopping block as recently embattled retailer Macy’s gears up for its next round of layoffs and store closures. Some of the closing down locations are actually fairly new — a store in Eastland Center in Columbus, Ohio has only been around since 2006 for example. percent to $32.70

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Can Big Brands Survive On The Store-Within-A-Store?

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Retailers as dependent on a brick-and-mortar footprint as Macy’s don’t always have the luxury of fixes to pick from if their stocks experience the continuous slide that the former tentpole brand’s has. The commitment to the store-within-a-store extends, ironically, beyond the physical.

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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

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Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

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Stepping Into 21st Century Hospitality With Apartments And Technology

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As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. It has units in cities such as Charlotte, Tampa, Milwaukee and Columbus. The Business. It seeks to help them increase their occupancy and fill their vacant units.

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Big Lots' Quarter-To-Date Comp Sales Rise Approximately 7.5 Pct

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The off-price retailer anticipates diluted earnings per share (EPS) to be between $2.40 In addition, guidance factors in a rise in operating expenses by roughly the same dollar amount as Q3 fiscal 2020. Columbus, Ohio-based Big Lots runs more than 1,400 retail locations in 47 states, according to the announcement.

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