Big 5’s Q4 Comps Drop 9.4 Percent

Big 5 Sporting Goods, in line with guidance reported in early January, reported a loss of 10 cents per share in the fourth quarter ended December 31 as comps dropped 9.4 percent. Same store sales in January slumped in the high-teens in January and Big 5 predicted a loss for the first quarter.

Macy’s Tops Q4 Guidance

Macy’s Inc. reported fourth-quarter earnings that topped Wall Street’s targets while providing an upbeat outlook for the year.