Big Lots

Articles on Big Lots!

  1. Corporate Finance

Joann Files for Second Bankruptcy in 10 Months, Seeks Buyer

Joann has filed for bankruptcy protection for the second time in less than one year and is seeking a buyer, according to CNN and multiple media reports. The crafts retailer entered a structured bankruptcy in March 2024 but emerged as a private company a little over one month later. Joann kept all 800+ brick-and-mortar stores […]
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  1. Channel: Dollar/Value

Big Lots’ Planned Private Equity Sale Falls Through; Retailer Commences Going out of Business Sales

Closeout retailer Big Lots has initiated going of out business sales at its remaining stores following the news that a planned sale to Nexus Capital Management has fallen through. The troubled retailer is still pursuing an alternative “going concern transaction with Nexus or another party,” with the goal of completing a sale by early next […]
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  1. Media & Marketing

Big Lots Enhances App with In-Store Rewards Access, Personalized Dashboards

Big Lots has upgraded its mobile app, available to current and new members of its Big Reward loyalty program and offering features including in-store rewards access, a personalized dashboard for tracking earnings and exclusive notifications for special offers. Additionally, the app now provides “Rewards Ready” notifications about new rewards, maximizing members’ savings and engagement with […]
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  1. Channel: Dollar/Value

Big Lots introduces new rewards app

​[[{“value”:” Dive Brief The app is available to Big Rewards members and includes exclusive deals and a personalized dashboard, among other features. Published Nov. 11, 2024 By Tatiana Walk-Morris Big Lots says its new rewards app will “enhance the shopping experience for its valued customers,” according to the company. “Big Lots” by Mike Mozart is licensed […]
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  1. Holiday & Events

Retailers Focus on Early Sales, Expanded Assortments to Win Holiday 2024

With the unofficial start to the holiday shopping season (Amazon’s Fall Prime Day Oct. 8 and 9) just around the corner, and consumer confidence wobbly at best, Amazon isn’t the only retailer hoping to capture some early holiday spending next month. Target, Walmart, Best Buy, Big Lots and Michaels all have announced plans for early […]
6 min read
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  1. Holiday & Events

The Weekly Closeout: Retailers gear up for the holidays, Figs opens second store

​[[{“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.  From the U.S. Postal Service’s partnership with […]
5 min read
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  1. Technology & Innovation

Hype Meets Retail Reality with Sucharita Kodali, VP and Principal Analyst, Forrester Research

One of retail’s most insightful minds makes her triumphant return to the pod.  Sucharita Kodali, Forrester’s Principal Analyst, was our very first guest when we launched the podcast in September of 2020, and now she’s back to separate the hope from the hype on key topics like the important difference between e-commerce and digital commerce […]
2 min read
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  1. Channel: Dollar/Value

Big Lots gets court OK for $550M in bankruptcy financing

​[[{“value”:” Dive Brief The funding will allow the bargain-focused retailer to continue normal operations, including paying employees and vendors. Published Sept. 12, 2024 A Big Lots store. The retailer expects to use Chapter 11 to close stores and execute a sale to Nexus Capital Management. Courtesy of Big Lots “}]] 
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  1. Channel: Delivery

Michaels Expands Delivery Options via DoorDash and Uber Eats

Michaels will expand same-day delivery from its 1,200+ stores through new partnerships with DoorDash and Uber Eats. The arts and crafts retailer has offered same-day delivery via Instacart since April 2021. Additionally, Save a Lot now has 400 of its supermarkets live on the DoorDash Marketplace, offering deliveries in under one hour, on average. The […]
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  1. Trends & External Forces

Big Lots to Close Nearly 40 Stores as SEC Filing Raises Doubts About Retailer’s Future

Big Lots will close 35 to 40 stores in 2024 following a tough Q1, and in a recent SEC 10-Q filing the retailer expressed “substantial doubt about the Company’s ability to continue as a going concern.” The retailer boosted its liquidity with a $200 million term loan facility in April 2024 but is now forecasting […]
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  1. Merchandising

SpartanNash adds VP for merchandising and pharmacy

GRAND RAPIDS, Mich.— SpartanNash has named Graham McIvor to the newly created post of vice president for merchandising and pharmacy, effective immediately. He will be tasked with accelerating critical components of the company’s merchandising transformation and driving the strategic transformation of the pharmacy business, the food solutions company said. “Continuously progressing our merchandising transformation is […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon Rolls Out Grocery Delivery Subscription Nationwide

Following a pilot in three U.S. cities, Amazon is making its grocery delivery subscription available to all Prime members in the U.S. For $9.99 a month, Prime members will now have access to unlimited grocery delivery on orders over $35 from Amazon Fresh, Whole Foods Market and a variety of local grocery and specialty retailers, […]
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  1. Channel: Delivery

The Vitamin Shoppe Expands On-Demand Delivery with Uber Eats Partnership

The Vitamin Shoppe has launched a new partnership with Uber Eats to expand its same-day delivery capabilities. Consumers will be able to order from approximately 700 Vitamin Shoppe and Super Supplements locations across the U.S. using the Uber Eats app. The health and wellness retailer already has inventory available on DoorDash and Instacart. Uber Eats customers will be able to add their Healthy Awards […]
2 min read
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  1. Data & Insights
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer

Valentine’s Day flower sales could shift to FTD, other brands in 2025

1-800-Flowers still leads in US, FTD is gaining share 1-800-Flowers is the largest flower service by sales headed into Valentine’s Day 2025, according to Earnest credit card data. However, the industry stalwart is likely to lose share this season if recent trends continue. Access chart in Dash. 1-800-Flowers commanded 37.0% of Valentine’s Day flower sales […]
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  1. Holiday & Events
  2. Holiday & Events

Shoppers believe best holiday deals are after holidays

A good number of consumers, over 77%, believe there are better deals available after the holidays, and nearly 51% plan to take advantage by making a large purchase in late December and January. Those are top findings from a Holiday Green survey, from CouponCabin, regarding consumer habits in the post-holiday time frame. When it comes to post-holiday […]
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  1. Trends & External Forces
  2. Data & Insights
  3. Technology & Innovation
  4. Trends & External Forces

2025 Outlook: A Snapshot into Ad Spend, Opportunities, and Strategies for Growth

IAB’s 2025 Outlook: A Snapshot into Ad Spend, Opportunities, and Strategies for Growth offering an early glimpse into ad spending trends for the coming year. The report is a must-read to gain and understanding of brand and agency buyers’ growth strategies and the challenges they foresee. The report covers: 2025 projections for the market overall […]
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  1. Data & Insights
  2. Technology & Innovation

AI at the retail edge: What’s possible now

There’s been a lot of talk lately about artificial intelligence (AI) and generative AI (GenAI) and how these technologies are going to revolutionize retail. But the retail revolution can’t be accomplished with sweeping generalizations about putting more technology into stores. Successful retail outcomes are built using technology to solve specific challenges, expanding on wins and […]
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