by Mike Duff | Aug 27, 2024 | Retail Articles
In an initiative to promote its renewed closeout orientation to consumers, Big Lots has announced its biggest extreme bargain Halloween promotion ever, based on its purchase of a well-known national party supply retailer’s overstock originally valued at $11...
by Mike Duff | Aug 12, 2024 | Retail Articles
Big Lots is reemphasizes its closeout product assortment in a series of new value initiatives for its National Bargain Hunting Week promotion, August 12 to 18. Each day during the week, Big Lots will drop a new Bargain of the Day made up of recently sourced closeouts,...
by Mike Duff | Aug 6, 2024 | Retail Articles
As an expansion of its efforts to “aggressively address underperforming stores,” Big Lots is increasing its store closure range from 150 to 315 stores. The company, which has reconfigured financing as it has suffered losses and lower comparable sales, has entered into...
by Mike Duff | Jun 6, 2024 | Retail Articles
Adjusted net losses grew at Big Lots in its first quarter, coming in well short of Wall Street expectations after comparable sales slipped almost 10% in the quarter. Net loss was $205 million, or $6.99 per diluted share, versus $206.1 million, or $7.10 per diluted...
by Mike Duff | Apr 19, 2024 | Retail Articles
As it looks to address costs and lagging sales, Big Lots has increased its borrowing capacity by up to $200 million with a new FILO term loan facility through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The loan significantly enhances Big Lots’...
