COLUMBUS, Ohio — Closeout retailer Big Lots is withdrawing from the Canadian market, putting an end to a two-year experiment. Reporting a third-quarter loss, the company stated it has “not been able to gain the necessary traction in the Canadian marketplace that had originally been anticipated” and would not invest in a turnaround any further. Despite higher sales, the firm posted losses of $9.5 million, compared to $6 million the same period last year. Big Lots entered Canada in the summer of 2011, buying up the flagging Liquidation World, reports the Columbus Dispatch.
Big Lots bows out of Canada
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