Big Lots

Big Lots, Inc. engages in the operation of retail stores. It operates through the Discount Retailing segment which includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.

Earnings data Q4 2020

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BIG reports Q1 results, focuses on cost savings and liquidity

BIG's Q1 performance reflects a focus on cost savings and liquidity management. While facing macroeconomic challenges, the company is making strides in improving margins and capturing additional savings. The suspension of the dividend and reduced store openings indicate a cautious approach to capital allocation.

BIG reports challenging Q2 but sees growth opportunities ahead

BIG's Q2 performance was challenging, but sequential improvement and strategic actions are driving a turnaround. The company's focus on resonating with customers, communicating value, and investing in an omnichannel experience positions it for future growth.

BIG exceeds Q3 guidance, anticipates continued improvement in 2024

BIG's Q3 performance showed resilience with improvements in key metrics. The company's strategic actions and cost-saving initiatives are driving positive momentum. Despite challenges, BIG is well-positioned for continued improvement and growth.

Big Lots addresses challenges, eyes growth through strategic initiatives

Big Lots navigated challenges in Q4 2023 with a strategic approach to address consumer behavior shifts and product shortages, focusing on margin improvement and business model strengthening.
Efforts to mitigate the impact of United Furniture closure, improve inventory management, attract more customers, and enhance customer solutions demonstrate adaptability and resilience.
While facing ongoing challenges in the consumer environment and financial performance, Big Lots is leveraging opportunities in product offerings, marketing, and operational efficiency to drive growth and profitability.

Big Lots anticipates turnaround with cost-saving initiatives and margin enhancements

Big Lots faces challenges in sales and margins but is optimistic about improvements ahead. The company is focused on cost-saving efforts, liquidity management, and strategic initiatives to drive growth and profitability. With identified savings and opportunities, Big Lots aims to enhance margins and attract customers from competitors.

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Big Lots, Inc. engages in the operation of retail stores. It operates through the Discount Retailing segment. The Discount Retailing segment includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.

COLUMBUS, Ohio , Nov. 8, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) today announced the launch of a new Big Lots app is designed to enhance the shopping experience for its valued customers. The app is available for current and new Big Reward members, bringing a host of new features and benefits for its loyal customers.

Big Lots Unveils New Rewards App to Elevate the Shopping Experience

In collaboration with Stop Soldier Suicide and Children of Fallen Patriots, Big Lots launches donation campaign and offers special in-store discounts to support military families COLUMBUS, Ohio , Nov. 4, 2024 /PRNewswire/ -- Big Lots (OTC: BIG) will honor veterans and active military members throughout November with exclusive discounts, recognition of veteran associates and partnerships with national nonprofits dedicated to supporting military families. In partnership with Stop Soldier Suicide and Children of Fallen Patriots, Big Lots will launch a point-of-sale donation campaign, allowing customers to donate at checkout and receive $5 off a purchase of $15 or more.

Big Lots Honors Veterans and Active Military with November Discounts and Charitable Partnerships

November 1 Falloweenmas Events offers additional savings on top of bargain pricing for seasonal fall, Halloween, and Christmas items Every Friday is Black Friday now at Big Lots through December 6  COLUMBUS, Ohio , Oct. 31, 2024 /PRNewswire/ -- Big Lots (OTC: BIG) announces the opening of its Holiday Shop with a special one-day sale event, "Falloweenmas," taking place on Friday, November 1. This unique event offers a mash up of incredible deals on seasonal items across fall, Halloween, and Christmas holiday decor, making it the perfect opportunity to stock up on festive items for the season.

Big Lots Unveils Holiday Shop and Launches "Falloweenmas" One-Day Event on November 1

The U.S. closeout retailer will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings The U.S. closeout retailer will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings

Gordon Brothers Agents $150M Debtor-in-Possession Term Loan for Big Lots

COLUMBUS, Ohio , Oct. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG) announced today the successful completion of its annual "Sample Sale Charity Pull," where over $50,000 worth of home furnishings and essential products were donated to eight local nonprofit organizations. This impactful semi-annual event took place at the company's distribution center in Columbus, Ohio.

Big Lots Donates Over $50,000 in Home Furnishings and Essentials to Local Nonprofits

COLUMBUS, Ohio , Oct. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG) announced today in observance of World Mental Health Day (October 10), a special four-day promotion to assist children in local communities. The Kindness Kits Challenge, part of Big Lots' Kids Mental Health Foundation (KMHF) fall point-of-sale campaign, will dedicate funds raised at the register from October 10-13 to distribute kindness kits to local elementary schools in communities near Big Lots store locations.

Big Lots Supports The Kids Mental Health Foundation with "Kindness Kit Challenge" in observance of World Mental Health Day

All outdoor Halloween Decor will be 20% off Oct. 3-6, in stores (with coupon) and online 'Black Friday Fridays' continue at Big Lots with 50% off all fall decorations only on Oct. 4 Fall savings continue with the 'Primetime Cyber Sale,' 20% off home categories Oct. 7-9 COLUMBUS, Ohio , Oct. 3, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG), today unveiled new "fall Into Savings" deals including special savings on fall and outdoor Halloween decorations, home categories and more, beginning today, Oct. 3. Fall savings begin with 20% off all outdoor Halloween decor, Oct. 3-6, in stores (get coupon here) and online.

NEW BIG LOTS 'FALL INTO SAVINGS' DEALS KICK OFF ON OCT. 3

Expands opportunities for influential creators and publishers to earn commissions Builds on Big Lots' organic popularity with bargain-savvy influencers Signs new partnership with impact.com to launch and scale program COLUMBUS, Ohio , Sept. 26, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG), today announced the launch of a new affiliate program, designed to build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond.

BIG LOTS EXPANDS CREATOR, PUBLISHER PARTNERSHIP OPPORTUNITIES WITH LAUNCH OF AFFILIATE PROGRAM

Discount can be used at all Big Lots store locations and online at biglots.com Coupon is required in store and can be downloaded or printed on the website Discount will be automatically applied for online shoppers on biglots.com COLUMBUS, Ohio , Sept. 19, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced that its popular 2-day 'Friends & Family' Event will return, featuring 20% off shoppers' entire purchase, Sept.

BIG LOTS BRINGS BACK 2-DAY 'FRIENDS & FAMILY' EVENT, OFFERING 20% OFF STOREWIDE, SEPT. 21-22

Popular Black Friday event will return for 2024 with special one-day deals every Friday Offers up to 50% off on single items or collections across product categories Black Fridays at Big Lots kick off this Friday the 13th with 50% off all Halloween decor COLUMBUS, Ohio , Sept. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced that 'Black Friday Fridays' will return this year, with every Friday being a Black Friday-level sales event, including special one-day deals on décor, gifts and more up to 50% off, now through Dec. 6.

BLACK FRIDAY IS EVERY FRIDAY AT BIG LOTS NOW THROUGH DEC. 6

Three days after Big Lots announced a Chapter 11 restructuring and acquisition by Nexus Capital Management, Big Lots President and CEO Bruce Thorn offered an overview of the company's performance and strategic direction during the second-quarter earnings call Thursday (Sept. 12). Second-quarter comparable sales fell 14.

Big Lots CEO Outlines Key Strategies for the Retailer's Turnaround

Secures Interim Approval to Access Debtor-in-Possession Financing Reiterates Commitment to Continue Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio , Sept. 11, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it received interim Court approval for certain "first day" motions related to the Company's voluntary Chapter 11 proceedings.

BIG LOTS RECEIVES COURT APPROVAL OF "FIRST DAY" MOTIONS TO SUPPORT BUSINESS OPERATIONS

And CEO Tom Shea from the newly public OneStream joins us to talk about what the company can do for customers.

What Went Wrong at Big Lots?

As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company's future amid a challenging market. They note this bankruptcy filing not only signals deep-rooted issues in Big Lots' business model, but also underscores the economic pressures confronting it.

Bankruptcy Filing Highlights Deep-Rooted Issues in Big Lots' Business Model

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common shares of Big Lots, Inc. (the “Company”) — ticker symbol BIG — from the NYSE. Trading in the Company's common shares will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company'.

NYSE to Commence Delisting Proceedings Against Big Lots, Inc. (BIG)

Discount home goods retailer Big Lots has filed for Chapter 11 bankruptcy protection, citing high interest rates and a sluggish housing market that have dampened demand for its low-priced furniture and decor. The filing comes as the company faces significant financial challenges, including declining sales and mounting debt.

Big Lots files for bankruptcy, agrees to $760 million acquisition by Nexus Capital

Big Lots, which sells furniture, home decor and other items, said in a statement that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal product purchases

Big Lots files for bankruptcy, will sell assets to buyout firm as it blames high inflation

Big Lots filed for bankruptcy, citing stubborn inflation, high interest rates and a slowdown in consumer spending on home goods like new furniture and decor. Private equity firm Nexus Capital Management has agreed to buy Big Lots for $760 million, consisting of $2.5 million in cash plus its remaining debt.

Big Lots files for bankruptcy, sells to PE firm as it promises to keep offering 'extreme bargains'

Big Lots (BIG) filed for Chapter 11 bankruptcy protections and agreed to sell itself to an affiliate of private-equity firm Nexus Capital Management, following extended sales declines and several quarters of losses at the discount retailer.

Big Lots Files for Bankruptcy, Agrees To Private-Equity Takeover

Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept.

Big Lots Declares Bankruptcy as Consumers Chase Deals

Months after Big Lots publicly announced signs of trouble, the home goods and seasonal retailer is selling its business as it starts bankruptcy proceedings.

Big Lots files for bankruptcy, will close some stores amid sale to investment firm

The discount retailer has secured commitments for $707.5 million of financing as it works through a court-supervised auction process.

Big Lots files for bankruptcy as part of deal to be acquired by Nexus Capital Management

U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated bankruptcy proceedings under Chapter 11.

Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings

Implements Plan to Accelerate Business Optimization and Achieve Profitability in 2025 Initiates Voluntary Chapter 11 Process to Facilitate Restructuring Initiatives and Ownership Transition Company Secures Interim Financing to Support Operations Customers Will Continue to Find Unmistakable Value and Extreme Bargains In-Store and Online Q2 Results In Line With Guidance COLUMBUS, Ohio , Sept. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations.

BIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP

Big Lots, a retailer operating around 1,400 stores and employing over 30,000 workers, has been grappling with declining sales over the past few quarters, putting pressure on its balance sheet.

News for Big Lots Stock (BIG)