SOURCE: The Bedford Report

The Bedford Report

September 13, 2010 09:30 ET

Analyst Research on Target (NYSE: TGT) & Big Lots (NYSE: BIG) - The Bedford Report Initiates Coverage on the Discount Variety Store Industry

Note to Editors: The Following Is an Investment Opinion Being Issued by The Bedford Report.

TORONTO--(Marketwire - September 13, 2010) - The Bedford Report examines the outlook for companies in the Discount Variety Store Industry and provides research reports on Target Corp. (NYSE: TGT) and Big Lots, Inc. (NYSE: BIG). Access to the full company reports can be found at www.bedfordreport.com.

Discount variety stores have fared better than other retailers during the employment crisis. With unemployment rates remaining high and economic turbulence continuing, shoppers are still looking to save on purchases. Consumers are staying away from non-essential purchases, but stores offering dry goods and other essential items have been doing well.

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Discount retailers benefitted from an impressive -- albeit not spectacular- back-to-school season. The back-to-school sales season is the second largest on the US retail industry calendar and given the high unemployment, discount variety stores took advantage of penny wise parents and students alike looking to pay less.

Investors can get copies of the full analyst reports on Target and Big Lots by registering for free at www.bedfordreport.com.

Target said sales of back-to-school items and food helped revenue in stores open at least a year rise nearly two percent in August. Food, health care and beauty items were the strongest sellers. Electronics and home decorations were weaker.

Recently, Big Lots announced its sales figures for the second quarter of 2010 with same-store sales up by 3.8%. Total retail sales for the company were at $1.13 billion.

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