UPDATE 1-Big Lots Q1 sales rise 8 pct

* Q1 sales $1.22 bln

* Q1 comparable sales up 6 pct

May 6 (BestGrowthStock) – Big Lots Inc (BIG.N: ) on Thursday reported
an 8 percent increase in first-quarter sales as the close-out
retailer was helped by strong demand for its furniture, home
goods and electronic products.

“Hardlines, led by our electronics department, continues to
be a growth category,” Chief Executive Steve Fishman said in a

For the first quarter, sales were $1.22 billion, in line
with analysts’ expectations.

Shares of the company, scheduled to report results on May
27, closed at $37.48 Wednesday on the New York Stock Exchange.

(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by
Vinu Pilakkott)

UPDATE 1-Big Lots Q1 sales rise 8 pct