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Big Lots, Inc. (NYSE: BIG), headquartered in Columbus, Ohio, is one of America's largest discount retail chains, operating over 1,300 stores across 48 states. The company offers a wide variety of merchandise, ranging from food and consumables to furniture, seasonal items, home decor, electronics, and accessories. Big Lots is known for delivering exceptional bargains, sourcing its products from both traditional and closeout channels. Their unique business model enables them to offer significant discounts on popular items, making it a favorite among value-conscious shoppers.
Big Lots' mission is to help customers
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Big Lots, Inc. boosts liquidity by $200 million with a new term loan facility to pursue bargain deals and deliver value to consumers. The company aims for significant improvement in sales and gross margin through its five key actions.
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Big Lots opens international buying offices in Shanghai, China, and Ho Chi Minh City, Vietnam, to enhance sourcing capabilities for closeout deals and extreme bargains. The move is expected to generate significant cost savings and strengthen the company's overseas procurement platform.
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Big Lots raises over $1 million for women's heart health through American Heart Association campaign, totaling $4.1 million over four years.
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Big Lots, Inc. (BIG) reports Q4 2023 results with a net loss of $30.7 million, or $1.05 per share, driven by distribution center closure costs. Adjusted net loss was $8.3 million, or $0.28 per share. Net sales decreased by 7.2% to $1.432 billion. The company expects continued gross margin improvements and positive comparable sales in 2024.
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Big Lots, Inc. appoints Maureen B. Short to its Board of Directors, bringing over 25 years of operational leadership and financial experience. Ms. Short's background includes serving as the Chief Financial Officer of Upbound Group, Inc. and holding various roles in finance and strategic planning at companies like Blockbuster and Sprint.
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Big Lots, Inc. (BIG) acquires Hearthsong's award-winning toy inventory valued at over $22 million, adding 500+ new SKUs to stores at 50%-70% off retail prices. The move emphasizes Big Lots' commitment to extreme bargains and innovative products for customers.
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Big Lots, Inc. provided preliminary unaudited results commentary for the fourth quarter, showcasing performance in line with guidance on sales, margins, expenses, and cash flow. The company plans to report full results on March 7, 2024, with a live webcast available for investors and analysts.
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Big Lots, Inc. (NYSE: BIG) reported net income of $4.7 million, or $0.16 per share, for Q3 2023. Net sales totaled $1.027 billion, a 14.7% decrease compared to the same period last year. Q3 GAAP EPS was $0.16; adjusted EPS loss was $4.38. The company's inventory decreased by 12.5% to $1.177 billion, and it ended the quarter with $46.6 million of Cash and Cash Equivalents and $533.0 million of Long-term Debt.
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Big Lots, Inc. (NYSE: BIG) announces the appointment of Kristen Cox as SVP, Chief Stores Officer, and Seth Marks as SVP, Extreme Value Sourcing. Cox will focus on driving sales, improving margins, and enhancing customer service, while Marks will lead an initiative focused on procuring outstanding products at exceptional values through unique closeout opportunities.
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Uber Technologies (UBER) partners with Big Lots (BIG) to bring the home discount retailer's massive selection to the Uber Eats app, providing nationwide on-demand and scheduled delivery of thousands of items, including home goods, Christmas Shop, Household Essentials, Grocery, Pets, Trending Products, Kids & Baby, and more. Uber One members enjoy a $0 Delivery Fee and up to 10% off all eligible orders with a $15 minimum purchase. Consumers can receive 50% off orders of $50+ from today through December 31st, using the code BIGLOTS50. Big Lots joins a growing list of North American retailers on the Uber Eats app, including PetSmart, Staples, Party City, Bed Bath & Beyond, and Office Depot, among others.
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FAQ
What is the current stock price of Big Lots (BIG)?
The current stock price of Big Lots (BIG) is $0.4968 as of September 9, 2024.
What is the market cap of Big Lots (BIG)?
The market cap of Big Lots (BIG) is approximately 14.7M.
What type of products does Big Lots sell?
Big Lots offers a wide range of products including food, consumables, furniture, seasonal items, home decor, electronics, and more.
How many stores does Big Lots operate?
Big Lots operates more than 1,300 stores across 48 states in the United States.
Where is Big Lots headquartered?
Big Lots is headquartered in Columbus, Ohio.
What is Big Lots' mission?
Big Lots' mission is to help customers 'Live Big and Save Lots' by offering unique treasures and exceptional bargains on everything for their home.
How does Big Lots source its products?
Big Lots sources its products from traditional and closeout channels to provide significant discounts on popular items.
Does Big Lots offer online shopping?
Yes, Big Lots has a best-in-class ecommerce platform with expanded fulfillment and delivery capabilities.
What are some recent achievements of Big Lots?
Recent achievements include new partnerships, launching international buying offices, and significant improvements in financial performance and liquidity.
How has Big Lots supported community causes?
Big Lots supports community causes through campaigns such as raising over $4.1 million for the American Heart Association over four years.
What are Big Lots' financial highlights?
In recent quarters, Big Lots reported notable adjustments to operating losses and net income, reflecting their strategic actions to improve financial performance.
What is Big Lots' strategy for future growth?
Big Lots focuses on five key actions: owning bargains, communicating value, increasing store relevance, winning with omnichannel, and driving productivity.
Big Lots, Inc.
NYSE:BIG
BIG Rankings
BIG Stock Data
14.75M
29.68M
4.6%
55.44%
22.27%
Discount Stores
Retail-variety Stores
United States of America
COLUMBUS