Channel: Dollar/Value Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’ Discount home goods retailer Big Lots filed for bankruptcy protection as low-income shoppers slow spending on new furniture and home decor. CNBC September 9, 2024September 9, 2024 < 1 min read Big LotsBankruptcyDept. NonfoodShoppers 0 Saving Bookmark this article Bookmarked
Merchandising Big Lots offers $5.2M in retention bonuses to 4 executives The move could signal a potential bankruptcy on the horizon, according to Debtwire’s global head of legal and restructuring. RetailDive August 27, 2024August 27, 2024 < 1 min read Pricing & PromotionsExecutivesBig LotsLegal & CriminalBankruptcy 0 Saving Bookmark this article Bookmarked
Stores & Formats Big Lots may close up to 315 stores The retailer requires “significant changes to the business model to continue as a going concern,” analysts said. RetailDive August 5, 2024August 5, 2024 < 1 min read Brick and MortarBig Lots 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Big Lots Announces More Store Closings Again Big Lots has announced more store closings across the nation. RetailWire August 3, 2024August 3, 2024 < 1 min read Big Lots 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Is Big Lots’ transformation plan enough to save it? [[“value”:”Analysts say the retailer may face an uphill battle in a crowded sector with strong rivals.”]] RetailDive July 29, 2024July 29, 2024 < 1 min read Big Lots 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints July 28, 2024July 28, 2024 < 1 min read PartnershipsDeliveryFood DeliveryDoorDashUbereatsInstacartDept. NonfoodDept. HBCBrick and MortarDept. Adult BevDept. PetMarketing: Social MediaLowesOmnichannelRite AidBig LotsExecutivesDept. GrocerySave A LotBest Buy 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value List of Big Lots Store Closures Expands Big Lots has announced plans to close additional stores due to financial challenges exacerbated by a tough economic environment, including high inflation impacting consumer spending. RetailWire July 23, 2024July 23, 2024 < 1 min read Big LotsEconomySustainabilityResults & InvestmentConsumersBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints July 10, 2024July 10, 2024 < 1 min read GovernmentBig LotsBrick and MortarPredictions and ForecastsResults & InvestmentMarketing: Social MediaDept. NonfoodDept. Grocery 0 Saving Bookmark this article Bookmarked
Merchandising The Weekly Closeout: Big Lots issues ‘going concern’ warning and Amazon ditches plastic air pillow packaging The discount retailer said it may not meet its credit and term loan obligations, while Amazon aims to drop plastic air pillows in North American shipments by the holidays. RetailDive June 21, 2024June 21, 2024 < 1 min read PackagingAmazonBig LotsHoliday & Events 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Big Lots may be making more turnaround progress than it seems Despite sales down double digits and rising debt levels, one analyst says the bad consumer backdrop is masking its improvements. RetailDive June 6, 2024June 6, 2024 < 1 min read Big LotsConsumers 0 Saving Bookmark this article Bookmarked
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 […] MMR June 4, 2024June 4, 2024 2 min read MerchandisingRegional GroceryDept. PharmacySpartanNashShoppersData & InsightsStrategyExecutivesFamily DollarSustainabilityResults & InvestmentPredictions and ForecastsBrick and MortarDept. PetMarketing: Social MediaDollar TreeDept. GroceryDept. Center StoreUnileverBig Lots 0 Saving Bookmark this article Bookmarked
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, […] Retail TouchPoints April 24, 2024April 24, 2024 2 min read AmazonDeliveryDept. GroceryWhole FoodsBrick and MortarDoorDashFood DeliveryDept. FreshDept. BeverageDept. Adult BevRegional GroceryDept. PetLowesUbereatsMarketing: Social MediaPartnershipsMarketing: Loyalty & SubscriptionMarketing: In StoreBOPISPredictions and ForecastsBig LotsDept. NonfoodRite AidExecutives 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints April 4, 2024April 4, 2024 2 min read PartnershipsDeliveryUbereatsHealth & WellnessConsumersFood DeliveryInstacartDoorDashMarketing: Social MediaPredictions and ForecastsOperations & Supply ChainDept. GroceryPress ReleaseBrick and MortarBig Lots 0 Saving Bookmark this article Bookmarked
Shopper & Customer Even Late to the Paid Membership Party, Target Believes it’s ‘Starting from a Position of Strength’ Target’s announcement earlier this month that it was launching a paid membership plan almost felt like a foregone conclusion. Amazon’s Prime membership has been paying dividends for the company for decades, and after Walmart followed suit with Walmart+ in 2020, it was only a matter of time before Target entered the mix. With the addition […] Retail TouchPoints March 22, 2024March 22, 2024 5 min read ConsumersTargetPartnershipsDeliveryMarketing: Loyalty & SubscriptionIndustry Conferences and EventsWalmartWalgreensShoppersAmazonStreamingDept. FreshExecutivesPredictions and ForecastsPricing & PromotionsTechnology & InnovationMergersMarketing: Social MediaBrick and MortarDept. HBCResults & InvestmentOperations & Supply ChainMarketing: BroadcastHealth & WellnessMarketing: Digital MediaData & InsightsHome DepotMarketing: TradeMarketing: BrandLowesDept. Fresh PreparedMarketing: In StoreDept. FuelBig LotsDept. DeliConsultingAcquisition 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Big Lots’ Q4: sales of pet products, food stand out Discount retailer tallies ongoing losses as comps decline 8.6%, however Supermarket News March 9, 2024March 9, 2024 < 1 min read Dept. PetDept. GroceryBig Lots 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Big Lots’ cost-cutting efforts helped it ‘maintain liquidity through a challenging period’ CEO Bruce Thorn also said the retailer is expanding its assortment of bargain merchandise, which is expected to account for 75% of sales in 2024. RetailDive March 8, 2024March 8, 2024 < 1 min read Big LotsPredictions and ForecastsExecutivesMerchandising 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Big Lots acquires entire inventory of toy company Hearthsong The move is part of the company’s larger strategy to reclaim its position in off-price and closeout sourcing. RetailDive February 23, 2024February 23, 2024 < 1 min read Operations & Supply ChainBig LotsAcquisitionStrategy 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Big Lots’ net sales fall nearly 15% in Q3 [[“value”:” Dive Brief The retailer also announced two new executives, including a chief stores officer and a leader of extreme value sourcing. Published Dec. 1, 2023 A Big Lots storefront. Customers remain cautious on big-ticket purchases like furniture, which is a focus area for the retailer. Courtesy of Big Lots “]] RetailDive December 1, 2023December 1, 2023 < 1 min read Big LotsHoliday & EventsBrick and MortarExecutives 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Big Lots Adds Uber Eats Delivery Option from 1,200+ Stores Discount home goods retailer Big Lots has partnered with Uber Eats to offer delivery services from its more than 1,200 stores across the country in time for the holiday season. Uber Eats users will gain access to exclusive Big Lots brands like Broyhill home décor items as well as other brands and private label products, […] Retail TouchPoints November 23, 2023November 29, 2023 < 1 min read DeliveryUbereatsPartnershipsBig LotsDept. NonfoodBrick and MortarOmnichannelMarketing: Social MediaConsumersHoliday & EventsFood DeliveryTechnology & InnovationTargetDept. Natural / OrganicOwned Brands (Private Label)International - North AmericaExecutivesDept. GroceryBed Bath & Beyond 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Big Lots Adds Uber Eats Delivery Option from 1,200+ Stores Discount home goods retailer Big Lots has partnered with Uber Eats to offer delivery services from its more than 1,200 stores across the country in time for the holiday season. Uber Eats users will gain access to exclusive Big Lots brands like Broyhill home décor items as well as other brands and private label products, […] Retail TouchPoints November 23, 2023December 4, 2023 < 1 min read DeliveryUbereatsPartnershipsBig LotsDept. NonfoodBrick and MortarOmnichannelMarketing: Social MediaConsumersHoliday & EventsFood DeliveryTechnology & InnovationTargetDept. Natural / OrganicOwned Brands (Private Label)International - North AmericaExecutivesDept. GroceryBed Bath & Beyond 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Big Lots completes store leasebacks, takes ‘decisive actions’ to lower costs [[“value”:” This audio is auto-generated. Please let us know if you have feedback. Big Lots’ core customers remained under economic pressure in Q2 with “limited capacity for higher-ticket discretionary purchases,” CEO Bruce Thorn said in a Tuesday earnings announcement and call. The retailer’s net loss widened to $249.8 million from $84.2 million last year. Net sales […] RetailDive August 29, 2023August 29, 2023 3 min read Big LotsOperations & Supply ChainResults & InvestmentEconomySustainabilityConsumersBrick and MortarPredictions and ForecastsMerchandisingExecutivesOmnichannelDept. BabyDept. GroceryDept. NonfoodHoliday & EventsPartnershipsMarketing: Trade 0 Saving Bookmark this article Bookmarked
Media & Marketing Retailers Seek to Capitalize on Bed Bath & Beyond’s Bankruptcy Shortly after Bed Bath & Beyond filed for bankruptcy protection and informed customers it would stop accepting the store’s iconic blue coupons as part of the wind down process, several competitors jumped in and began accepting them. The Container Store, for example, said last week that it will accept “a competitor’s blue coupon” at any of its 97 U.S. stores now […] Melissa Campanelli May 1, 2023May 8, 2023 2 min read Bed Bath & BeyondPricing & PromotionsMarketing: TradeBrick and MortarBankruptcyConsumersAmazonTwitterTargetMarketing: Social MediaInsight ProvidersBig LotsWalmartShoppersMarketing: In StoreTechnology & InnovationThick DataMerchandising 0 Saving Bookmark this article Bookmarked
Channel: Delivery Instacart rolls out new 'large item' delivery program The program, “Big & Bulky” is launching nationwide, with launch partners that include Big Lots, Container Store, Mastermind Toys, Office Depot, Spirit Halloween and Staples. Supermarket News August 25, 2022August 25, 2022 < 1 min read InstacartDeliveryDept. NonfoodPartnershipsHoliday & EventsDept. Toys & GamesBig Lots 0 Saving Bookmark this article Bookmarked
Channel: Delivery Instacart Debuts ‘Big & Bulky’ Same-Day Delivery Service for Retailers Instacart launched a “Big & Bulky” program for its retail partners, a press release said Wednesday (Aug. 24), offering same-day delivery on large items. Retail partners include Big Lots, Container Store, Mastermind Toys, Office Depot, Staples and Spirit Halloween. Big & Bulky will be powered by Carrot Delivery, which is an Instacart platform enterprise solution […] Pymnts.com August 24, 2022August 24, 2022 1 min read InstacartDeliveryDept. NonfoodResults & InvestmentStart UpsPartnershipsShoppersHoliday & EventsOmnichannelDept. Toys & GamesSustainabilityMerchandisingPress ReleaseBig Lots 0 Saving Bookmark this article Bookmarked
Channel: Delivery Shipt Bets Big with Big Lots Same-Day Delivery Partnership This summer, Shipt continues to evolve its multi-vertical marketplace with the addition of a leading discount retailer, Big Lots. Shipt July 8, 2022July 8, 2022 3 min read Dept. NonfoodPartnershipsMarketing: Social MediaMeta (Facebook)ShoppersInstacartTwitterMerchandisingReturnsTargetPricing & PromotionsOperations & Supply ChainExecutivesHealth & WellnessDept. PetDept. Toys & GamesDept. HBCGoogle 0 Saving Bookmark this article Bookmarked 5
Corporate Strategy Corporate Strategy Six issues Brian Niccol will have to fix at Starbucks as he takes over as CEO Former Chipotle CEO Brian Niccol is starting as chief executive of Starbucks. Written by CNBC September 9, 2024September 9, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers Trends & External Forces The Friday Checkout: How strong can C&S be without Safeway? In a letter that surfaced during the federal Kroger-Albertsons merger trial, C&S told the FTC it would be able to “compete more effectively” if the grocers divest a stronger banner. Written by Grocery Dive September 6, 2024September 9, 2024 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Mass Walmart Tops List of Leading US Retailers By 2023 Sales Walmart leads Forrester’s 2023 US retailer ranking, with Amazon in second. The top 10, representing 38% of total retail sales, remain unchanged from 2022. Walmart has once again secured the top position in Forrester’s annual ranking of the 67 largest US retailers (ranked by 2023 US net retail sales), with Amazon following closely in second […] Written by Forrester September 5, 2024September 9, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Increasing ROI From In-Store Promotions The post Increasing ROI From In-Store Promotions appeared first on SPINS. Written by Spins September 5, 2024September 5, 2024 Saving Bookmark this article Bookmarked
Shopper & Customer Data & Insights Shopper & Customer Trends & External Forces Charts: U.S. Consumer Outlook Q3 2024 Per a new McKinsey survey, U.S consumers are increasingly optimistic about the economy. Some even “splurged” on spending this summer. The post Charts: U.S. Consumer Outlook Q3 2024 appeared first on Practical Ecommerce. Written by Practical Ecommerce September 5, 2024September 9, 2024 Saving Bookmark this article Bookmarked