I patronize 2 different stores here in Dallas - one is the HQ for this area the other is located on Forest Ln. both seem to be in sad shape with empty shelves and dispirited employees. This area is supposed to be an economic boom town - we have tons of empty retail space and the stores and restaurants are far from full - Barnes & Noble just closed their Las Colinas anchor location which has been a staple of this community for at least a decade. We are in for an earnings slump of long duration IMHO.
It is not unusual for their stores to look under inventoried as they transition from Christmas to post Christmas business. Once more, moral is always impacted in January as labor dollars are drastically curtailed during the Jan/Feb time frame. Full time hours are cut while many part timers get little to no hours.
Because the idiots at Yahoo will not allow a web site reference in this space I will direct your attention to the federal reserve website and specifically the metrics pertaining to consumer credit growth. It is down and staying down with the only growth being in student loans and auto sales. When Fishface pulled his bailout you have to know the game is up and the decline is imminent. Obamacare is going to hurt not only the employees at Biglots but the customer base as well. Look for this stock to be in the low teens in 6 months or less.