Norman to retire as Bernhardt Furniture vice chairman
LENOIR, N.C. Lewis Norman, of Bernhardt Furniture, will retire as vice chairman of the company at the end of the year.
Norman, who worked for Bernhardt for 45 years, will continue to serve the company as a director and consultant.
“I will not even attempt to describe what Lewis has contributed to this company, this community and to me personally throughout the 45 years we have been so closely and loyally committed to each (other),” said Alex Bernhardt, who now serves as chairman of the company. “His skill and knowledge of his trade are surpassed only by his leadership ability, which is always tempered by his personal and compassionate touch with people.”
Walmart honors military families with $1.1M donation
FORT BRAGG, N.C. Walmart announced that, through a $1.1 million donation, it is helping more than 10,000 military children and families receive free toys, books, Walmart gift cards and gift packages. In addition, the company announced that it is honoring fallen veterans by helping to place wreaths on national cemeteries and memorial sites.
Walmart joined with Operation Homefront and Wreaths Across America in Fort Bragg, N.C., on Dec. 4 to launch the program, part of “Walmart Gives Back,” a holiday giving initiative focused on hunger relief and support for military families.
“Walmart has a history of supporting our troops. This holiday season, we recognize the sacrifices of our deployed servicemen and women – and their families back at home,” said Margaret McKenna, president of the Walmart Foundation. “We know that many military families have a tough time during the holidays. They miss their loved ones who are away, and we hope that our efforts will make their holiday easier and better.”
Big Lots raises outlook after strong quarter
COLUMBUS, Ohio Big Lots reported third-quarter fiscal 2009 income from continuing operations of $30.3 million, or 37 cents per diluted share, compared with income from continuing operations of $12.4 million, or 15 cents per diluted share, in the third quarter of fiscal 2008.
Net sales for the third quarter of fiscal 2009 increased 1.3% to $1.03 billion, compared with $1.02 billion for the same period in fiscal 2008. Comparable-store sales for stores open at least two years at the beginning of the fiscal year decreased 0.2% for the quarter.
Big Lots has increased its fourth-quarter guidance for income from continuing operations to $1.09 to $1.14 per diluted share, a 9% to 14% increase compared with income from continuing operations of $1.00 per diluted share for the same period last year. The company has also raided its fiscal 2009 annual guidance for income from continuing operations to $2.15 to $2.20 per diluted share, a 14% to 16% increase compared to income from continuing operations of $1.89 per diluted share last year.