by Mike Duff | May 25, 2022 | Retail Articles
In a promotional initiative designed to position Big Lots as an inflation buster, the retailer is launching television advertising that highlights deep discounts this summer, starting with savings of 25% to 50% on patio furniture and accessories, Broyhill furniture...
by Mike Duff | Mar 16, 2022 | Home + Housewares, Retail Articles
Activist investor Mill Road Capital Management has issued a letter to shareholders of Big Lots urging a sale of the company. Hill Capital Management, which has purchased 5.1% of Big Lots stock, revealed in a March 15 filing with the United States Securities and...
by Mike Duff | Mar 3, 2022 | Retail Articles
In a tough fourth quarter, Big Lots missed a Wall Street earnings estimate as supply chain, the COVID-19 Omicron variant and weather pressured financial results, according to the company. Big Lots posted a net income of $49.8 million, or $1.63 per diluted share,...
by Mike Duff | Feb 4, 2022 | Retail Articles
According to Placer.ai’s Superstores Quarterly Index for Fourth Quarter 2021 consumer visits to superstores were up 6.8% in the period year over year, up 10.9% compared to the 2020 quarter, and up 5.7% compared to the 2019 period. The COVID-19 pandemic may even have...
by Mike Duff | Jan 11, 2022 | Retail Articles
Big Lots, in a statement providing a fourth-quarter outlook, also offered a long-range growth plan that includes the addition of 500 stores and a margin plan that details a significant value-creation opportunity over the coming years. In doing so, Big Lots...
