2011 Annual State of the Industry Report and Chain Store Age Top 100
Around the world, resurgent retail is inspiring the industry with creativity and challenging traditional ways of doing business. The store is evolving into a fluid idea that fits the mobile, global customer in search of new experiences to share.
Click here to download the report.
Big Lots raises FY guidance on 2Q performance
COLUMBUS, Ohio— Despite a comps dip during its second quarter, Big Lots performance was enough for the company to raise its fiscal 2011 guidance.
Big Lots reported net income of $35.7 million, or 50 cents per diluted share, for the second quarter of fiscal 2011 ended July 30. This compares with net income of $38.9 million, or 48 cents per diluted share, for the second quarter of fiscal 2010.
The company reported that net sales for the second quarter of fiscal 2011 increased 2.2% to $1.17 billion, compared with $1.14 billion for the same period in fiscal 2010. Comparable-store sales for U.S. stores decreased 1.5% for the quarter.
During the quarter, Big Lots opened 15 new stores.
The company said it is updating its fiscal 2011 earnings per share guidance to $2.80 to $2.90 per diluted share compared with prior guidance which called for $2.75 to $2.90 per diluted share, to reflect the Big Lots’ outperformance during the second quarter.
‘Desperate Housewife’ featured in TRU differently-abled toy guide
WAYNE, N.J.— Toys"R"Us announced that "Desperate Housewives" star Eva Longoria will be featured on the cover of its 2011 edition of the Toys"R"Us Toy Guide for Differently-Abled Kids. Longoria will be featured alongside Elijah De La Cerda, a 5-year-old boy with Down syndrome from Fresno, Calif., the company announced. Released annually, this complimentary resource is created with guidance from the National Lekotek Center, a nonprofit organization dedicated to making play accessible to children of all abilities. The Guide is available in Toys"R"Us and Babies"R"Us stores nationwide and online, in English and Spanish, at Toysrus.com/DifferentlyAbled.
"Growing up in a tight-knit family and watching my sister face – and overcome – everyday challenges, I came to understand the critical importance of teamwork and socialization in the development of differently-abled individuals," said Longoria. "The Toys"R"Us Toy Guide for Differently-Abled Kids helps foster inclusive play environments by featuring toys that kids with special needs can enjoy alongside siblings and friends. I’m so honored to appear on the cover and lend my support to Toys"R"Us for this project."
Toys"R"Us announced that the guide, which utilizes colorful icons to help parents choose the best toys for their children, has increased to 64 pages. In addition, for the first time, customers who pick up a hard copy of the Toys"R"Us Toy Guide for Differently-Abled Kids in-store will find a QR code on the back cover. Scanning the QR code will allow compatible smartphone users to access a special video message from Eva Longoria. Throughout the year, content will be regularly updated to offer unique information, videos and more through this Quick Response code.