Big Lots Franchise, founded in the year 1957 by its owner Sol A. Shenk, offers retail products and operations ranging from clothing, furniture, food and beverage, house wares, small electronics all under varying brands. With David J. Campisi as its CEO and chairman Big Lots is a strong brand name that has stood the test of time and weathered the storms of the corporate business world, emerging strong and better.
Full Answer
How many Big Lots stores are in the US?
Headquartered in Columbus, Ohio, Big Lots, Inc. is a community retailer operating more than 1,400 Big Lots stores in 47 states, dedicated to friendly service, trustworthy value, and affordable solutions in every season and category – furniture, food, décor, and more. Our stock is traded on the New York Stock Exchange under the symbol BIG.
What is Big Lots known for?
Headquartered in Columbus, Ohio, Big Lots, Inc. is a community retailer operating more than 1,400 Big Lots stores in 47 states, dedicated to friendly service, trustworthy value, and affordable solutions in every season and category – furniture, food, décor, and more. Our stock is traded on the New York Stock Exchange under the symbol BIG. Live Big.
Is big Lots the same as Odd Lots?
Consolidated Stores Corp. agreed to limit their use of the Odd Lots name to stores located within a certain radius of Columbus. Beyond the radius, Consolidated began opening stores under the Big & Small Lots name. Eventually, all Odd Lots stores were rebranded as Big Lots.
Is there a big lots in North Carolina?
A Big Lots store in Raleigh, North Carolina, in a former Walmart. Big Lots, Inc. is an American retail company headquartered in Columbus, Ohio with over 1,400 stores in 47 states. The Big Lots chain traces its history back to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk.
What is it about Big Lots?
Is Big Lots making news?
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Who is Big Lots owned by?
Consolidated International, Inc.In 1967, Sol Shenk founded Consolidated International, Inc. - the company that is now Big Lots. He's considered one of the true visionaries in the discount retail marketplace.
Is Big Lots a private company?
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.
What kind of company is Big Lots?
discount retailerAbout us. Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a discount retailer operating approximately 1,400 stores in 47 states with product assortments in the merchandise categories of Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories.
What companies does Big Lots own?
Big Lots, Inc., the nation's largest closeout retailer, sells everything from consumables, seasonal products and furniture to housewares, toys and gifts. The company operates over 1,300 closeout stores in 45 states. The stores operate under the names Big Lots, Big Lots Furniture, Pic 'n' Save and Mac Frugal's Bargains.
How much money does Big Lots make a year?
Compare BIG With Other StocksBig Lots Annual Revenue (Millions of US $)2020$5,3232019$5,2382018$5,2642017$5,19410 more rows
How much does Big Lots pay?
FAQs About Big Lots Stores, Inc. Big Lots Stores, Inc. pays its employees an average of $12.10 an hour. Hourly pay at Big Lots Stores, Inc. ranges from an average of $9.28 to $18.04 an hour.
Where does Big Lots get their products?
Big Lots, which operates more than 1,400 stores nationwide, specializes in cutting deals on closeouts and overstocks from other retailers. Big Lots buys it on the cheap and sells it that way.
Who are Big Lots competitors?
biglots.com's top 5 competitors in August 2022 are: target.com, walmart.com, dollartree.com, wayfair.com, and more.
Who did Big Lots buyout?
In 1997, Big Lots Inc. bought out 'MacFrugals' (Pic 'N' Save) stores for $995 million in stock, eventually converting them to the Big Lots brand.
Is Big Lots in financial trouble?
Based on the latest financial disclosure, Big Lots has a Probability Of Bankruptcy of 19.0%. This is 47.48% lower than that of the Consumer Defensive sector and 8.3% lower than that of the Discount Stores industry. The probability of bankruptcy for all United States stocks is 52.3% higher than that of the company.
Who bought out Broyhill?
Authentic Brands Groupbusiness groups fell through. HHG decided to sell its furniture brands in an auction. Last October, Authentic Brands Group was the winning bidder for the Broyhill, Drexel, Henredon, Thomasville brands at $38.5 million.
Who bought out Broyhill furniture?
Authentic BrandsBig Lots had bid $38 million at auction for the brands that Authentic Brands bought. The purchase of the Broyhill brand lines up with Big Lots' long-term goals, said Jerry Epperson, a leading furniture expert and managing director of the investment banking firm Mann, Armistead and Epperson Ltd.
Who is the CEO of Big Lots?
Bruce K. Thorn (Aug 28, 2018–)Big Lots / CEO
Does Kmart own Big Lots?
Kmart Corporation (/ˈkeɪmɑːrt/ KAY-mart, doing business as Kmart and stylized as kmart) is an American retail company that owns a chain of big box department stores. The company is headquartered in Hoffman Estates, Illinois, United States.
What was Big Lots called before?
In 1997, Big Lots Inc. bought out 'MacFrugals' (Pic 'N' Save) stores for $995 million in stock, eventually converting them to the Big Lots brand.
Where is the headquarters of Big Lots?
Columbus, OHBig Lots / Headquarters
Big Lots Corporate Office & Headquarters
Went Big Lots today to buy the 6 piece patio furniture for $999 that they had advertised but they only had part of it. So we called around and they to only had part of the set.
Big Lots: Contact Us
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What is it about Big Lots?
From everyday consumables and housewares to toys and seasonal goods, Big Lots offers amazing values that other stores just can't match. Discover what makes Big Lots such an incredible place to shop, work for, invest in, and do business with.
Is Big Lots making news?
Big Lots is making news. Read the latest about grand openings, holiday deals, and more.
Where is Big Lots located?
Big Lots, Inc. (stylized as Big Lots!) is an American retail company headquartered in Columbus, Ohio with over 1,400 stores in 47 states.
When did Big Lots start?
History. The Big Lots chain traces its history back to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk. In 1982, Consolidated Stores Corp. opened its first closeout store, called Odd Lots, in Columbus, Ohio.
When did Consolidated Stores buy KB toys?
Looking to expand further into the toy business, Consolidated Stores Corp. purchased KB Toys from Melville Corporation in 1996; ironically, shortly afterward Melville purchased Revco and folded it into the CVS Pharmacy chain on its way to eventually becoming CVS Health, making the "Odd Lots" dispute moot.
When did Big Lots change their ticker symbol?
On August 3, 2006, Big Lots announced that it would change its New York Stock Exchange ticker symbol from BLI to BIG, beginning with trading activity on August 18, 2006.
When did Big Lots buy Liquidation World?
On July 19, 2011, Big Lots announced that it had purchased Liquidation World Inc., a Canadian closeout retailer with 89 locations. The cost of the acquisition was $20 million in cash and the assumption of certain liabilities. This represents Big Lots first retail venture outside of the US.
Who bought Odd Lot Trading Co?
In 1983, drug store chain Revco bought New Jersey closeout retailer Odd Lot Trading Co. As Consolidated's Odd Lots stores expanded from Columbus, Revco took issue with the fact that another closeout retailer was operating a chain with national aspirations that had a similar name as the Revco -owned subsidiary.
Is Big Lots a wholesale company?
Big Lots operated a wholesale division which provided merchandise in bulk. Big Lots closed its wholesale division at the end of the 2013 fiscal year. The Columbus-based closeout retailer had conducted wholesale operations through Big Lots Wholesale, Consolidated International and Wisconsin Toy for more than 34 years.
Where is Big Lots based?
Big Lots is based in the US and has a presence across 47 of the country’s states. The US is the company’s sole market. It does not appear to have any substantive international operations.
When did Big Lots start?
Big Lots traces its roots back to 1967, when Sol Shenk established Consolidated Stores Corporation in Ohio. Consolidated Stores Corporation opened its first closeout store in Columbus, Ohio in 1982 under the name Odd Lots. The company, however, became embroiled in a trademark dispute with another company operating under the name Odd Lots, and ultimately rebranded its stores under the name Big Lots.
What is Big Lots furniture?
Reputation and Experience – Big Lots is an established provider of homeware and furniture items with a reputation cultivated over many years for providing excellent customer service and high-quality products to its customers;
What is Big Lots' broad range of products?
Broad Range of Products – Big Lots offers a wide selection of products to its customers, including furniture, electronics, toys, outdoor products, mattresses, food items, and seasonal products, ensuring that it is able to meet the homeware needs of a broad range of customers;
How does Big Lot make money?
Big Lots generates revenue through the sale of furniture and homeware products via its network of retail outlets and through its online store. The company’s revenue is derived primarily from sales made directly to consumers, as well as through franchising fees from third-party franchise operators of Big Lot stores.
What is a franchise partner?
Franchise Partners, comprising companies that operate Big Lots stores on behalf of Big Lots as a franchise operator; Marketing and Branding Partners, including various marketing agencies and communications partners that collaborate with the company on in-store and external marketing and advertising campaigns; and.
What social media accounts does Big Lots use?
Big Lots is additionally able to communicate deals and updates to its customers through its various social media accounts, including with Facebook, Twitter, YouTube, Pinterest, and Instagram.
What is it about Big Lots?
From everyday consumables and housewares to toys and seasonal goods, Big Lots offers amazing values that other stores just can't match. Discover what makes Big Lots such an incredible place to shop, work for, invest in, and do business with.
Is Big Lots making news?
Big Lots is making news. Read the latest about grand openings, holiday deals, and more.
Overview
Big Lots Stores, Inc. (stylized as Big Lots!) is an American retail company headquartered in Columbus, Ohio with over 1,400 stores in 47 states.
History
The Big Lots chain traces its history back to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk. In 1982, Consolidated Stores Corp. opened its first closeout store, called Odd Lots, in Columbus, Ohio. In 1983, drug store chain Revco bought New Jersey closeout retailer Odd Lot Trading Co. As Consolidated's Odd Lots stores expanded from Columbus, Revco took issue with the fact that another closeout retailer was operating a chain with national aspira…
Big Lots Wholesale
Big Lots operated a wholesale division which provided merchandise in bulk. Big Lots closed its wholesale division at the end of the 2013 fiscal year. The Columbus-based closeout retailer had conducted wholesale operations through Big Lots Wholesale, Consolidated International and Wisconsin Toy for more than 34 years.
Big Lots Canada
On July 19, 2011, Big Lots announced that it had purchased Liquidation World Inc., a Canadian closeout retailer with 89 locations. The cost of the acquisition was $20 million in cash and the assumption of certain liabilities. This represents Big Lots first retail venture outside of the US. The first Big Lots location in Canada opened in April 2013 in Orillia, Ontario, followed by Burlington, Niagara Falls, St. Catharines, and Thunder Bay (all in Ontario as well). Big Lots exited the Canadia…
See also
• List of S&P 400 companies
External links
• Business data for Big Lots:
• Media related to Big Lots at Wikimedia Commons
• Official website
• Big Lots SEC Filings
Customer Segments
Value Propositions
Channels
Customer Relationships
Key Activities
Key Partners
Key Resources
Cost Structure
Revenue Streams
- Big Lots generates revenue through the sale of furniture and homeware products via its network of retail outlets and through its online store. The company’s revenue is derived primarily from sales made directly to consumers, as well as through franchising fees from third-party franchise operators of Big Lot stores. In 2017, Big Lots recorded annual...