Big Lots

Articles on Big Lots!

  1. Data & Insights

Precision Pays: The Hidden Fortune in Exact Numbers

Ever played horseshoes? Getting “close” scores points. But in retail? Not so much. This week, we’re diving into the real costs of the “close enough” mindset that’s quietly eating away at profits across our industry. I stumbled across some jaw-dropping numbers about inventory accuracy (or lack thereof) that made me wonder how many of us […]
4 min read
0
  1. Channel: Dollar/Value

Big Lots stores begin to open under new ownership

​[[{“value”:” Dive Brief Variety Wholesalers will commence the first wave of openings Thursday, where customers will find remodeled stores and new merchandise categories. Published April 7, 2025 By Tatiana Walk-Morris A Big Lots store. Variety Wholesalers acquired 219 locations out of bankruptcy. “Big Lots” by Mike Mozart is licensed under CC BY 2.0 “}]] 
< 1 min read
0
  1. Department: Consumer Durables

Small Business, Big Ideas: Amid Historic Disruption in Off-Price, This Family-Owned Overstock Wholesaler is Reinventing the Game

This story is part of Retail TouchPoints’ ongoing “Small Business, Big Ideas” series, focusing on smaller retail brands that have found big success and have even bigger ambitions. Norman Nardick, Founder of The Bazaar and grandfather of current CEO Bradley Nardick. Back in 1960, before terms like “off-price” and “closeout” were commonplace, decorated World War […]
7 min read
0
  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 […]
< 1 min read
0
  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 […]
< 1 min read
0
  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 […]
< 1 min read
0
  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 […]
< 1 min read
0
  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
0
  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
0
  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
0
  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 “}]] 
< 1 min read
0
  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 […]
< 1 min read
0
  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 […]
< 1 min read
0

Trending Topics

Editor’s Choice

  1. Channel: Mass
  2. Channel: Grocery
  3. Channel: Mass
  4. Department & Category
  5. Department: Nonfood
  6. Corporate Strategy
  7. Corporate Finance
  8. Media & Marketing
  9. Agencies & Vendors
  10. Data & Insights
  11. Shopper & Customer
  12. Trends & External Forces
  13. Retail Operations
  14. Stores & Formats

How grocery continues to drive Walmart’s top line

This audio is auto-generated. Please let us know if you have feedback. Grocery continues to be a key financial driver for Walmart, according to the retailer’s newest annual report released last week. The key business segment brought in $276 billion in net sales for Walmart U.S. for its fiscal year 2025, which ended Jan. 31, […]
Written by
  1. Technology & Innovation
  2. Data & Insights
  3. Technology & Innovation

Google’s newest AI model is designed to help study dolphin ‘speech’

Google’s AI research lab, Google DeepMind, says that it has created an AI model that can help decipher dolphin vocalizations, supporting research efforts to better understand how dolphins communicate. The model, called DolphinGemma, was trained using data from the Wild Dolphin Project (WDP), a nonprofit that studies Atlantic spotted dolphins and their behaviors. Built on […]
Written by
  1. Data & Insights
  2. Department: Nonfood
  3. Data & Insights
  4. Shopper & Customer
  5. Trends & External Forces
  6. Holiday & Events
  7. Merchandising
  8. Stores & Formats

Egg prices dip after record highs; Cal-Maine faces investigation

Egg shortage data says prices at all-time highs, but decelerating Amid the ongoing avian flu outbreak and resulting egg shortage, this year’s Easter holiday is shaping up to be associated with high egg prices. According to Earnest Scanner Consumer Packaged Goods (CPG) product data, egg prices surged 45% year-over-year in March 2025. Contact Sales for […]
Written by
  1. Channel: Mass

Walmart once again No. 1 in global retailer ranking

Walmart once again leads the 2025 Top 50 Global Retailers list, a ranking from the National Retail Federation conducted by Kantar. The list ranks leading international retailers based on revenue in 2024, according to a press release. “The retail industry experienced continued growth in 2024 as consumer spending remained high despite numerous market uncertainties throughout […]
Written by

Trending