David Campisi joined Big Lots a little more than a year ago as president and CEO and with sales and profits gathering momentum the nation’s leading off-price retailer has decided to begin paying a hefty dividend.
The bad weather that hurt Bed Bath & Beyond during the fourth quarter may have abated, but the company’s sales still grew at a slower than expected pace during the first quarter and caused profits to come in toward the low end of expectations.
With company representatives, Missouri Secretary of State Jason Kander, St. Louis Mayor Francis Slay, local officials and community leaders on hand, Ikea officially broke ground for its future St. Louis store scheduled to open fall 2015.
Although comparable-store sales at Fred’s declined slightly in May, the company said sales strengthened in the last week of the month thanks to the first ad in its new marketing and branding program, designed to increase traffic and heighten customer awareness of category diversity.
Five Below plans to open eight locations in and around Houston Friday, June 6, marking the specialty value retailer’s first foray into that city. The company already has 15 stores in the Dallas and Austin markets.