Big 5 Bounces Back in Q2
BGFV same store sales were off just 4.2% in the second quarter after a 28.2% drop in the first half of the period while most stores were shuttered gave way to a 15.5% gain thereafter as stores reopened. All stores that had been closed by the pandemic are now open, though one is still closed that was damaged by civil unrest following the George Floyd killing. Total sales are estimated at about $228 million, down from $241 million last year, but a 175 basis point gain in merchandise margins and savings from reduced ... Log in to view full article.