Directions To Nearest Big Lots (2024)

FAQs

Where is Big Lots headquarters? ›

Columbus, OH

Big Lots / Headquarters

The ownership structure of Big Lots (BIG) stock is a mix of institutional, retail and individual investors. Approximately 45.03% of the company's stock is owned by Institutional Investors, 26.37% is owned by Insiders and 28.60% is owned by Public Companies and Individual Investors.

While company ownership remains the same, Big Lots is in the process of converting its array of store names to one national brand. Big Lots currently operates 131 Pic 'N' Save stores that will be converted to the Big Lots brand.

“A large percentage of Big Lots' inventory comes from after-season overstock and discontinued products from retailers and manufacturers,” explains Brent Shelton, of deals website FatWallet. Take a look at what to expect -- and how to save even more -- on your first or next visit to Big Lots.

Eventually, all Odd Lots stores were rebranded as Big Lots. In 1985, Consolidated Stores Corp. began trading as a separate public company on the American Stock Exchange. In 1986, Consolidated Stores Corp. switched to the New York Stock Exchange, trading under the symbol CNS.

Big Lots sources much of its merchandise from closeouts related to production overruns, packaging changes, discontinued products, order cancellations, liquidations, returns and other disruptions in the supply chains of manufacturers as well as from other sourcing options, the company said in its latest 10-K.

Dollar Tree sells everything for a dollar or less. Family Dollar sells discounted name brand and private label food, health and beauty products and household goods. Big Lots sells discounted name brand and private label food and other goods, but also sells higher ticket items like furniture and mattresses.

Total debt on the balance sheet as of January 2024 : $2.27 B.

The changes to Big Lots' store network come as the company faces declining sales. Historically high inflation has hit low-income consumers, Big Lots' primary customer base, particularly hard, CEO Bruce Thorn said in December.

Is Big Lots losing money? ›

Big Lots (BIG) came out with a quarterly loss of $4.51 per share versus the Zacks Consensus Estimate of a loss of $4.23. This compares to loss of $3.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.62%.

One Name Says It All

In 2001 our array of store names and company identity were converted to a single national brand: Big Lots. For our customers, a common national brand represents consistency and buying power. And for our 35,000 associates, the Big Lots name reinforces a shared company culture from coast to coast.

Usearch provides you with the most comprehensive list of Big Lots stores closing as for 2024. The list contains 7 closed Big Lots locations. Each record is enriched with key information regarding the involved company and locations.

The main competitors of Big Lots include Target (TGT), Dollar General (DG), Dollar Tree (DLTR), Walmart (WMT), Costco Wholesale (COST), BJ's Wholesale Club (BJ), MINISO Group (MNSO), Five Below (FIVE), Ollie's Bargain Outlet (OLLI), and PriceSmart (PSMT). These companies are all part of the "variety stores" industry.

One of the best Big Lots coupons that's available is 20% off everything, which the retailer typically offers four times a year.

President & CEO Bruce Thorn | Our Leadership | About Us | Big Lots.

Big Lots sources much of its merchandise from closeouts related to production overruns, packaging changes, discontinued products, order cancellations, liquidations, returns and other disruptions in the supply chains of manufacturers as well as from other sourcing options, the company said in its latest 10-K.

About 90% of Big Lots stores are franchised. The remaining 10% are corporate-owned.

Gross Profit Margins: A Key Differentiator 💰

What sets Big Lots apart is its high gross profit margin, around 40%, compared to Walmart's 24-25%. This is because they buy their inventory at rock-bottom prices and sell it at a discount, but still higher than their cost.