Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is America's Discount Home Store, operating more than 1,300 stores in 48 states, as well as an ecommerce store with expanded fulfillment and delivery capabilities. The Company's mission is to help customers "Live Big and Save Lots" by offering bargains to brag about on everything for their home, including furniture, décor, pantry essentials, kitchenware, pet supplies, and more. For more information about the company or to find the store nearest you ...

Since the onset of the Covid-19 pandemic, the retail industry has gone through tremendous volatility. Initially, there was a boom effect for many retailers. People were stuck at home with money to spend. Unprecedented government stimulus paved the way for record consumer spending. And with entertainment venues and travel shut down, people spent more than ever on material goods. But things are changing and investors need to pay attention to which retail stocks to sell. Retail sales have started to slump acro ...

Boston, April 24, 2024 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has agented a $200 million delayed draw term loan for Big Lots Inc. The U.S. home discount retailer of general merchandise will use the loan's delayed draw feature to execute on strategic initiatives with the remaining amount to draw upon for available working capital and flexibility as needed. "Having established a working relationship with Big Lots over the last few years, we combined our flexible financial structure wit ...

Enhances ability to pursue extreme bargain deals and unmistakable value for consumers as part of its five key actions COLUMBUS, Ohio, April 18, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility significantly enhances the ...

Competition from other retailers in the online retail marketplace is intense and growing. Certain of our competitors, including several pure online retailers, have established online operations that we compete against for customers and products. It is possible that the competition in the online retail space may reduce our market share, gross margin, and operating margin, and may materially adversely affect our business and results of operations in other ways. Our operations include an e-commerce platform wi ...

Big Lots, Inc. (BIG) , renowned for its discount home products, has unveiled a strategic move aimed at bolstering its global product sourcing capabilities. The company has inaugurated international buying offices in Shanghai, China and Ho Chi Minh City, Vietnam, signaling a significant shift in its procurement strategy.This initiative marks a pivotal moment for Big Lots as it transitions from relying on third-party agents to establishing its sourcing team in Asia. The move is anticipated to deliver operatio ...

Big Lots enhances its competitiveness to source products, including closeout deals and other extreme bargains, with two new Asia-based buying offices. Offices will integrate previous exclusive third-party agent's sourcing associates; expected to generate significant operational cost savings beginning in FY2024. Strengthens its platform for overseas procurement, assortment optimization and broadens sourcing countries across furniture, seasonal and soft home categories. Underscores Big Lots' commitment to re ...

For the fourth year in a row, Big Lots has raised funds and awareness for women's heart health through participation in the American Heart Association's Life is Why point-of-sale donation campaign. During the month of February, American Heart Month, customers were invited to help women live longer, healthier lives by donating to the American Heart Association at the register; raising more than $1 million for heart health education, prevention, and research. COLUMBUS, Ohio, March 14, 2024 /PRNewswire/ -- N ...

PRESS RELEASE FOR IMMEDIATE RELEASE Big Lots Reports Q4 and Full Year 2023 Results Q4 2023 comparable sales, gross margin rate, expenses, and inventory in line with guidance Q4 GAAP operating loss of $24 million; adjusted operating profit of $1 million; first quarter of positive adjusted operating profit since Q4 2021 Q4 GAAP EPS loss of $1.05; adjusted EPS loss of $0.28 Expect quarterly year-over-year improvements to continue through 2024 with a path to positive comparable sales Achieved over 60% bargain p ...

Big Lots, Inc. (BIG) reported an adjusted loss of 28 cents per share for fourth-quarter fiscal 2023, which was wider than the Zacks Consensus Estimate of a loss of 12 cents. The metric came in line with the year-ago quarter’s adjusted loss figure.Net sales of this Columbus, OH-based player declined 7.2% to $1,432 million year over year and missed the consensus estimate of $1,436 million. The year-over-year downside was due to soft comparable sales, which fell 8.6% year over year. Also, the net effect of the ...