1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1O-K/A
[X] AMENDMENT NO. 1 TO ANNUAL REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended January 29, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
-------------- ----------------
Commission file number 1-8897
CONSOLIDATED STORES CORPORATION
(Exact name of registrant as it appears in its charter)
Delaware 06-1119097
State of incorporation I.R.S. Employer Identification Number
1105 North Market Street, Suite 1300
P.O. Box 8985
Wilmington, Delaware 19899
(Address of principal executive offices)
(302) 478-4896
Registrants telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
Name of each Exchange
Title of each class on which registered
------------------- ---------------------
Common Stock $.01 par value New York Stock Exchange
Preferred Stock Purchase Rights New York Stock Exchange
Indicate whether the Registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months, and (2) has been subject to such filing requirements for
the past 90 days. Yes [ X ] No [ ]
Indicate if the disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the best
of the registrant's knowledge, in a definitive proxy or information statement
incorporated by reference in Part III of this FORM 10-K or any amendment to
this FORM 10-K [ ]
The aggregate market value (based on the closing price on the New York Stock
Exchange) of the Common Stock of the Registrant held by nonaffiliates of
the Registrant was $798,793,870 on March 31, 1994. For purposes of this
response, executive officers and directors are deemed to be the affiliates of
the Registrant and the holdings by nonaffiliates was computed as 46,306,891
shares.
The number of shares of Common Stock $.01 par value per share, outstanding
as of March 31, 1994, was 46,583,193 and there were no shares of Non-Voting
Common Stock, $.01 par value per share outstanding at that date.
DOCUMENTS INCORPORATED BY REFERENCE
-----------------------------------
Portions of the Registrant's Proxy Statement are incorporated into Part III.
2
Pursuant to Rule 15d-21 under the Securities Exchange Act of 1934, the
undersigned registrant hereby amends its annual report on Form 10-K for the
fiscal year ended January 29, 1994 to include the following information and
financial statements required by Form 11-K with respect to the Consolidated
Stores Corporation Savings Plan (Plan) for the year ended December 31, 1993.
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
TABLE OF CONTENTS
Page No.
-------
Independent Auditors' Report 1
Financial Statements:
Statement of Net Assets Available for
Benefits as of December 31, 1993 and
December 31, 1992 2
Statement of Changes in Net Assets Available for
Benefits for the year ended December 31, 1993 3
Notes to Financial Statements 4
Supplemental Schedules:
Schedule of Assets Held for Investment as
of December 31, 1993 10
Schedule of Reportable Transactions in Excess of
Five Percent of Current Value of Plan Assets for the
Year Ended December 31, 1993 11
Exhibits:
Independent Auditors' Consent 12
Signatures 13
3
INDEPENDENT AUDITORS' REPORT
----------------------------
To the Plan Administrator of the
Consolidated Stores Corporation Savings Plan:
We have audited the accompanying statements of net assets available for
benefits of the CONSOLIDATED STORES CORPORATION SAVINGS PLAN (the Plan) as of
December 31, 1993 and 1992, and the related statement of changes in net assets
available for benefits for the year ended December 31, 1993. These financial
statements are the responsibility of the Plan Administrator. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan as of December 31,
1993 and 1992, and the changes in net assets available for benefits for the
year ended December 31, 1993, in conformity with generally accepted accounting
principles.
Our audits were conducted for the purpose of forming an opinion on the
basic financial statements taken as a whole. The supplemental schedules of
(1) assets held for investment as of December 31, 1993, and (2) reportable
transactions in excess of five percent of the current value of Plan assets for
the year ended December 31, 1993, are presented for the purpose of additional
analysis and are not a required part of the basic financial statements, but are
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. These schedules are the responsibility of the Plan's
administrator. Such schedules have been subjected to the auditing procedures
applied in our audit of the basic 1993 financial statements and, in our
opinion, are fairly stated in all material respects when considered in relation
to the basic financial statements taken as a whole.
DELOITTE & TOUCHE
Dayton, Ohio,
June 22, 1994
1
4
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31,
--------------------------
1993 1992
------------ -----------
ASSETS
Investment in securities:
Consolidated Stores Corporation
Common Shares $ 6,840,014 $ 6,329,808
Mutual funds 2,278,871 1,350,766
Money market funds 2,289,869 1,922,410
Cash and temporary cash investments 44,134 33,424
Contribution receivable from
Consolidated Stores Corporation 1,340,569 611,406
Interest receivable 92 --
Loans receivable 1,023,211 --
Receivable from nonqualified plan 251,887 --
Receivable from related funds -- 73,067
------------ -----------
14,068,647 10,320,881
------------ -----------
LIABILITIES
Payable to Plan participants 15,864 161,237
Payable to nonqualified plan -- 4,682
Payable to others 53,892 --
Payable to related funds -- 73,067
------------ -----------
69,756 238,986
------------ -----------
Net assets $ 13,998,891 $ 10,081,895
============ ===========
See notes to financial statements.
2
5
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
December 31,
------------
1993
------------
INCREASES IN PLAN ASSETS:
Contributions:
Participant contributions $ 2,553,048
Company contribution 1,315,094
Investment income:
Interest 186,881
Dividends 125,751
Loan repayments, including interest 116,608
Net appreciation in fair value of
investments 841,889
------------
Total increases 5,139,271
DECREASES IN PLAN ASSETS:
Distributions to Plan participants 1,222,275
------------
NET INCREASE IN PLAN ASSETS 3,916,996
NET ASSETS - Beginning of year 10,081,895
------------
NET ASSETS - End of year $ 13,998,891
============
See notes to financial statements.
3
6
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
PLAN DESCRIPTION
- - ----------------
On December 31, 1993 there were approximately 7,000 employees eligible to
participate in the Plan. On that date approximately 2,900 were participating.
The following brief description of the Consolidated Stores Corporation
Savings Plan ("Plan") provides only general information. Participants should
refer to the Plan document for more complete information.
The purposes of the Plan are to encourage employee savings, to facilitate
employee ownership of the Common Stock of Consolidated Stores Corporation, and
to provide benefits during the employee's participation in the Plan and upon
retirement, death, disability or termination of employment.
The administrator of the Plan is Consolidated Stores Corporation Savings
Plan Committee ("Committee"). Effective January 15, 1993, State Street Bank
and Trust Company was appointed as successor trustee to Merrill Lynch Trust
Company. (see TRUST AGREEMENT).
All employees of Consolidated Stores Corporation and any of its
subsidiaries ("Company") which have adopted the Plan are eligible to
participate. Participants must have attained age twenty-one and have completed
one year of service prior to eligibility. Eligible employees may begin
participation on the January 1, April 1, July 1, or October 1, ("Participation
Date") coinciding with or next following the date they have met the age and
service requirements described above. For any plan year, participants may
contribute to the Plan any whole dollar amount not less than 1% of their
compensation for such plan year but not more than the lesser of $7,000 (or
such larger amount in accordance with Code Section 415(d) which is $8,894 as
of January 1, 1993) or 15% of their compensation for the plan year. For 1993
the Company made matching contributions to the Plan on behalf of participants
in an amount equal to 100% of the first 1%, 75% of the second 1%, and 50% of
the next 4%, of the employee's first 6% contribution. Prior to 1993 matching
contributions were in an amount equal to 50% of the employees first 6%
contribution. The Company's matching contributions will always be made in the
form of Common Stock of the Company.
Participants may elect to allocate their elective contribution to any of
the Investment Funds (See INVESTMENT PROGRAMS) in increments of 25%.
Additionally, this allocation may be revised or investment balances may be
transferred by the participant upon notifying participant services by
telephone.
Each participant shall be fully vested in the Company's matching
contributions allocable to their account in the event of retirement or other
termination of employment on or after his or her 65th birthday, on account of
disability, as defined, or by reason of death.
4
7
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
(Continued)
PLAN DESCRIPTION - Continued
- - ----------------------------
A participant whose employment terminates under circumstances other than
those described in the preceding paragraph will be vested in a portion of the
Company's matching contribution based on years of service as follows:
Vested
Years of Service Percentage
-------------------------- ----------
Less than 2 0
At least 2 but less than 3 25
At least 3 but less than 4 50
At least 4 but less than 5 75
5 or more 100
The portion of the Company's matching contribution that is not fully vested
will be forfeited at the time employment terminates.
The Company has the right to terminate or amend the Plan at any time. In
the event of termination, the Plan assets will be distributed to the
participants, after payment of any expenses properly chargeable thereto, in
proportion to their respective account balances.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
- - ------------------------------------------
BASIS OF ACCOUNTING. The financial statements of the Plan are prepared
on the accrual basis of accounting.
INVESTMENTS. Investments are reflected in the accompanying statement
of net assets available for benefits at market value, which is the valuation
of the security or interest in an equity fund at year-end as determined by the
quoted market price.
NET APPRECIATION ON INVESTMENTS. Realized gains and losses are
determined on a first-in, first-out basis utilizing a revalued cost which is
calculated using beginning of the year market values, or purchase price if
acquired during the year. Unrealized appreciation (depreciation) of
investments is calculated as the market value at the end of the year less the
market value at the beginning of the year, or purchase price if acquired
during the year.
BENEFITS PAYABLE. In 1993, the Plan changed its method of accounting
for benefits payable to comply with the 1993 AICPA Audit and Accounting Guide,
Audits of Employee Benefit Plans. The new guidance requires that benefits
payable to persons who have withdrawn from participation in a defined
contribution plan be disclosed in footnotes to financial statements rather than
be recorded as a liability of the Plan. As of December 31, 1993, net assets
available for benefits included benefits of $66,425 due to participants who
have withdrawn from participants in the Plan.
5
8
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
(Continued)
TRUST AGREEMENT
- - ---------------
Under a trust agreement, State Street Bank and Trust Company is responsible
for investing the participants' contributions in the funds designated by each
participant. In addition, the trustee processes and distributes all
distributions from the Plan based on information provided by the Company.
Administrative fees due under the trust agreement are paid by the Company.
INVESTMENT PROGRAMS
- - -------------------
During the years ended December 31, 1993 and 1992, participants could direct
their contributions to different funds of the Plan as described below:
Money Market Funds
- - ------------------
MERRILL LYNCH READY ASSETS TRUST. The Merrill Lynch Ready Assets Trust
is a no-load money market fund organized as a Massachusetts business trust
seeking preservation of capital, liquidity and the highest possible current
income consistent with the foregoing objectives available from investing in a
diversified portfolio of short-term money market securities. Portfolio
securities principally consist of short-term United States Government
securities, Government agency securities, bank money instruments, corporate
debt instruments, including commercial paper and variable amount master demand
notes, and repurchase and reverse repurchase agreements. In June 1992, this
investment alternative was eliminated and replaced by the Merrill Lynch
Retirement Preservation Trust.
MERRILL LYNCH RETIREMENT PRESERVATION TRUST. The Merrill Lynch
Retirement Preservation Trust (the "RP Trust") is a collective trust fund that
invests primarily in Investment Contracts (GICs) and United States Government
and United States Government Agency securities. The RP Trust invests a lesser
portion of the portfolio in high quality, money market instruments. The RP
Trusts primary objective is to achieve high current income consistent with
preservation of capital and liquidity. Dividends are declared and invested
daily.
Mutual Funds
- - ------------
MERRILL LYNCH BASIC VALUE FUND, INC. The Merrill Lynch Basic Value
Fund, Inc. (the "BV Fund") is a diversified, open-end, investment company
seeking capital appreciation and, secondarily, income by investing in
securities, primarily equities, that management of the BV Fund believes are
undervalued and therefore represent basic investment value. The BV Fund seeks
special opportunities in securities that are selling at a discount either from
book values or historical price-earnings ratios, or seem capable of recovering
from temporarily out of favor conditions. Particular emphasis is placed on
securities which provide an above average dividend return and sell at below
average price-earnings ratio.
6
9
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
(Continued)
INVESTMENT PROGRAMS - CONTINUED
- - -------------------------------
Mutual Funds - Continued
- - ------------------------
MERRILL LYNCH CAPITAL FUND, INC. The Merrill Lynch Capital Fund, Inc.
(the "Capital Fund") seeks to achieve the highest total investment return
consistent with prudent risk through a fully managed investment policy
utilizing equity, debt and convertible securities. This permits management of
the Capital Fund to vary investment policy based on evaluation of changes in
economic and market trends. Total investment return is the aggregate of income
and capital value changes. Consistent with this policy, the Capital Fund's
portfolio may, at any given time, be invested substantially in equity
securities, corporate bonds or money market securities. It is the expectation
of the Capital Fund's management that, over a longer period, a major portion of
the Capital Fund's portfolio will consist of equity securities of larger
market capitalization, quality companies.
MERRILL LYNCH GLOBAL ALLOCATION FUND, INC. The Merrill Lynch Global
Allocation Fund, Inc. (the "Global Fund") is a non-diversified mutual fund
seeking high total investment return, consistent with prudent risk, through a
fully-managed investment policy utilizing United States and foreign equity,
debt, and money market instruments, the combination of which will be varied
from time to time both with respect to types of securities and markets in
response to changing market and economic trends. Total investment return is
the aggregate of capital value changes and income. The Global Fund may employ
a variety of instruments and techniques to enhance income and to hedge against
market and currency risk.
Company Stock Fund
- - ------------------
CONSOLIDATED STORES CORPORATION STOCK FUND. Contributions are invested in
Common Shares of Consolidated Stores Corporation. All employer matching
contributions are made to this fund.
TAX STATUS
- - ----------
The Plan qualifies for special tax treatment under Sections 401(a),
401(k), and 501(a) of the Internal Revenue Code of 1986, as amended.
Qualification under these sections means the Plan is exempt from Federal income
tax. Accordingly, no provision for Federal income taxes has been made in the
accompanying financial statements.
7
10
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
(Continued)
NET ASSETS AVAILABLE FOR BENEFITS BY INVESTMENT PROGRAM
- - --------------------------------------------------------
December 31, 1993
------------------------------------------------------------------
Loan and
Short Term Retirement
Number Investment Preservation Basic Value Capital
of Shares Fund Trust Fund Fund
--------- ---------- ------------- ----------- --------
ASSETS
Consolidated Stores Corporation
Common Shares 344,152 $ -- $ -- $ -- $ --
Investment in Mutual Funds:
Basic Value Fund 63,400 -- -- 1,481,667 --
Capital Fund 10,533 -- -- -- 294,621
Global Allocation Fund 38,017 -- -- -- --
Investment in Money Market Funds -- 2,289,869 -- --
Cash and temporary cash investments 2,636 1 -- --
Contribution receivable from
Consolidated Stores Corporation -- -- -- --
Interest receivable 6 -- -- --
Loans receivable 1,023,211 -- -- --
Receivable from nonqualified plan -- 29,862 37,951 22,887
---------- ---------- ---------- --------
1,025,853 2,319,732 1,519,618 317,508
LIABILITIES
Payable to plan participants -- 4,900 5,417 44
Payable to others -- 8,894 3,835 1,395
---------- ---------- ---------- --------
-- 13,794 9,252 1,439
---------- ---------- ---------- --------
NET ASSETS $1,025,853 $2,305,938 $1,510,366 $316,069
========== ========== ========== ========
December 31, 1992
------------------------------------------------------------------
ASSETS
Consolidated Stores Corporation
Common Shares 351,656 $ -- $ -- $ -- $ --
Investment in Mutual Funds:
Basic Value Fund 49,377 -- -- 1,004,329 --
Capital Fund 6,172 -- -- -- 162,502
Global Allocation Fund 15,953 -- -- -- --
Investment in Money Market Funds -- 1,922,410 -- --
Cash and temporary cash investments 6,160 -- 7,313 --
Contribution receivable from
Consolidated Stores Corporation -- -- -- --
Receivable from related funds -- 20,114 -- 265
---------- ---------- ---------- --------
6,160 1,942,524 1,011,642 162,767
LIABILITIES
Payable to Plan participants -- 25,163 20,007 340
Payable to nonqualified plan -- -- 2,227 --
Payable to related funds -- -- 73,067 --
---------- ---------- ---------- --------
-- 25,163 95,301 340
---------- ---------- ---------- --------
NET ASSETS $ 6,160 $1,917,361 $ 916,341 $162,427
========== ========== ========== ========
December 31, 1993
-------------------------------------
Global
Allocation Company
Fund Stock Fund Total
------------ ---------- ---------
ASSETS
Consolidated Stores Corporation
Common Shares $ -- $6,840,014 $6,840,014
Investment in Mutual Funds:
Basic Value Fund -- -- 1,481,667
Capital Fund -- -- 294,621
Global Allocation Fund 502,583 -- 502,583
Investment in Money Market Funds -- -- 2,289,869
Cash and temporary cash investments -- 41,497 44,134
Contribution receivable from
Consolidated Stores Corporation -- 1,340,569 1,340,569
Interest receivable -- 86 92
Loans receivable -- -- 1,023,211
Receivable from nonqualified plan 32,604 128,583 251,887
----------- ---------- -----------
535,187 8,350,749 14,068,647
LIABILITIES
Payable to plan participants 1,424 4,079 15,864
Payable to others 1,433 38,335 53,892
----------- ---------- -----------
2,857 42,414 69,756
----------- ---------- -----------
NET ASSETS $ 532,330 $8,308,335 $13,998,891
=========== ========== ===========
ASSETS
Consolidated Stores Corporation
Common Shares $ -- $6,329,808 $ 6,329,808
Investment in Mutual Funds:
Basic Value Fund -- -- 1,004,329
Capital Fund -- -- 162,502
Global Allocation Fund 183,935 -- 183,935
Investment in Money Market Funds -- -- 1,922,410
Cash and temporary cash investments -- 19,951 33,424
Contribution receivable from
Consolidated Stores Corporation -- 611,406 611,406
Receivable from related funds 16,600 36,088 73,067
----------- ---------- -----------
200,535 6,997,253 10,320,881
LIABILITIES
Payable to Plan participants 1,452 114,275 161,237
Payable to nonqualified plan -- 2,455 4,682
Payable to related funds -- -- 73,067
----------- ---------- -----------
1,452 116,730 238,986
----------- ---------- -----------
NET ASSETS $199,083 $6,880,523 $10,081,895
=========== ========== ===========
8
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CONSOLIDATED STORES CORPORATION SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
(Continued)
CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS BY INVESTMENT PROGRAM
- - ------------------------------------------------------------------
December 31, 1993
-------------------------------------------------
Loan and
Short Term Retirement
Investment Preservation Basic Value Capital
Fund Trust Fund Fund
--------- ---------- ----------- --------
INCREASES IN NET ASSETS:
Participant contributions $ -- $ 843,444 $ 441,611 $158,147
Company contribution -- -- -- --
Interest 229 143,880 -- --
Dividends -- -- 84,160 18,493
Net appreciation in fair value of investments -- -- 155,572 9,496
Loan repayments, including interest 116,608 -- -- --
---------- ---------- ---------- --------
TOTAL INCREASES 116,837 987,324 681,343 186,136
DECREASES IN NET ASSETS:
Distributions to Plan participants -- 183,843 29,848 1,262
Loan distributions 109,612 -- -- --
Interfund transfers - net (1,012,468) 414,904 57,470 31,232
---------- ---------- ---------- --------
TOTAL DECREASES (902,856) 598,747 87,318 32,494
---------- ---------- ---------- --------
NET INCREASE (DECREASE) IN NET ASSETS 1,019,693 388,577 594,025 153,642
NET ASSETS - Beginning of year 6,160 1,917,361 916,341 162,427
---------- ---------- ---------- --------
NET ASSETS - End of year $1,025,853 $2,305,938 $1,510,366 $316,069
========== ========== ========== ========
December 31, 1993
--------------------------------------------
Global
Allocation Company
Fund Stock Fund Total
----------- ------------ ------------
INCREASES IN NET ASSETS:
Participant contributions $ 209,697 $ 900,149 $ 2,553,048
Company contribution 1,315,094 1,315,094
Interest 42,772 186,881
Dividends 23,098 -- 125,751
Net appreciation in fair value of investments 34,263 642,558 841,889
Loan repayments, including interest -- -- 116,608
----------- ------------ ------------
TOTAL INCREASES 267,058 2,900,573 5,139,271
DECREASES IN NET ASSETS:
Distributions to Plan participants 33,814 863,896 1,112,663
Loan distributions -- -- 109,612
Interfund transfers - net (100,003) 608,865 --
------------ ---------- ----------
TOTAL DECREASES (66,189) 1,472,761 1,222,275
------------ ---------- -----------
NET INCREASE (DECREASE) IN NET ASSETS 333,247 1,427,812 3,916,996
NET ASSETS - Beginning of year 199,083 6,880,523 10,081,895
----------- ------------ ------------
NET ASSETS - End of year $ 532,330 $ 8,308,335 $ 13,998,891
=========== ============ ============
12
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT
DECEMBER 31, 1993
Purchase Cost Market Value
No. of ----------------------- -----------------------
Security Description Shares/Units Share/Unit Total Share/Unit Total
-------------------------- -------------- ------------ ------- ------------ -------
COMPANY STOCK FUND
- - ------------------
Consolidated Stores Corporation
Common Shares 344,152.000 $ 17.936 $ 6,172,556 $ 19.875 $ 6,840,014
MUTUAL FUNDS
- - ------------
Merrill Lynch Basic Value Fund 63,400.369 21.324 1,351,932 23.370 1,481,667
Merrill Lynch Global Allocation Fund 38,016.943 12.379 470,628 13.220 502,583
Merrill Lynch Capital Fund 10,533.453 27.279 287,350 27.970 294,621
MONEY MARKET FUNDS
- - ------------------
Merrill Lynch Retirement Preservation Trust 2,289,869.000 1.000 2,289,869 1.000 2,289,869
10
13
CONSOLIDATED STORES CORPORATION SAVINGS PLAN
SCHEDULE OF REPORTABLE TRANSACTIONS IN EXCESS OF
FIVE PERCENT OF CURRENT VALUE OF PLAN ASSETS
YEAR ENDED DECEMBER 31, 1993
No. of
Type/No. of Shares or Purchase Gain
Security Description Transactions Units Cost Proceeds (Loss)
-------------------------- -------------- ----------- ---------- ---------- --------
COMPANY STOCK FUND
- - ------------------
Consolidated Stores Corporation
Common Shares Sale/80 79,889 $ 1,438,079 $ 1,413,178 $ (24,901)
Consolidated Stores Corporation
Common Shares Purchase/78 72,385 1,280,827 -- --
MUTUAL FUNDS
- - ------------
Merrill Lynch Basic Value Fund Sale/57 12,018 248,956 274,793 25,837
Merrill Lynch Basic Value Fund Purchase/92 26,041 596,559 -- --
Merrill Lynch Global Allocation Fund Sale/45 2,410 28,914 31,221 2,307
Merrill Lynch Global Allocation Fund Purchase/82 24,474 315,607 -- --
Merrill Lynch Capital Fund Sale/29 3,369 90,734 92,959 2,225
Merrill Lynch Capital Fund Purchase/79 7,730 215,581 -- --
MONEY MARKET FUNDS
- - ------------------
Merrill Lynch Retirement Preservation Sale/74 466,638 466,638 466,638 --
Merrill Lynch Retirement Preservation Purchase/87 834,096 834,096 -- --
11
14
SIGNATURES
----------
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant and the administrators of the Plan have duly caused this
amendment to its annual report on Form 10-K to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSOLIDATED STORES
CORPORATION
By: /s/ William G. Kelley
------------------------------
William G. Kelley, Chairman
and Chief Executive
Officer
By: /s/ Michael J. Potter
------------------------------
Michael J. Potter, Senior Vice
President, Chief Financial
Officer and Principal
Accounting Officer
CONSOLIDATED STORES
CORPORATION SAVINGS PLAN
By: /s/ M. Steven Bromet
------------------------------
M. Steven Bromet, Senior Vice
President Information Services
and Human Resources
Dated: June 22, 1994
13
1
INDEPENDENT AUDITORS' CONSENT
-----------------------------
We consent to the incorporation by reference in (i) Registration Statement
No. 33-42502 on Form S-8 pertaining to Consolidated Stores Corporation
Director Stock Option Plan (ii) Registration Statement No. 33-42692 on Form
S-8 pertaining to Consolidated Stores Corporation Supplemental Savings Plan
(iii) Post Effective Amendment No. 2 to Registration Statement No. 33-6068 on
Form S-8 pertaining to Consolidated Stores Corporation Executive Stock Option
and Stock Appreciation Rights Plan (iv) Post Effective Amendment No. 1 to
Registration Statement No. 33-19378 on Form S-8 pertaining to Consolidated
Stores Corporation 1987 Restricted Stock Plan and (v) Post Effective Amendment
No. 1 to Registration Statement No. 33-19309 on Form S-8 pertaining to
Consolidated Stores Corporation Savings Plan of our report dated June 22,
1994, accompanying the financial statements of the Consolidated Stores
Corporation Savings Plan on Form 10K/A Amendment No. 1 to the Annual Report on
Form 10-K of Consolidated Stores Corporation for the fiscal year ended January
29, 1994.
DELOITTE & TOUCHE
Dayton, Ohio
June 22, 1994
12
