big lots

Competition for Early Holiday Shoppers Won’t Start With Black Friday
Competition for Early Holiday Shoppers Won’t Start With Black Friday
October 02, 2024  |  Retail

As the holiday shopping season approaches, retailers are rolling out early sales strategies to capture consumer spending against a backdrop of economic uncertainty. With inflation...

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Bankruptcy Filing Highlights Deep-Rooted Issues in Big Lots’ Business Model
Bankruptcy Filing Highlights Deep-Rooted Issues in Big Lots’ Business Model
September 09, 2024  |  Retail

As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company’s future amid...

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Big Lots Declares Bankruptcy as Consumers Chase Deals
Big Lots Declares Bankruptcy as Consumers Chase Deals
September 09, 2024  |  Retail

Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in...

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Report: Big Lots Seeking Investors and Considering Bankruptcy
Report: Big Lots Seeking Investors and Considering Bankruptcy
August 28, 2024  |  Retail

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate...

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Discount Retail Struggles as Paycheck-to-Paycheck Shoppers Cut Back
Discount Retail Struggles as Paycheck-to-Paycheck Shoppers Cut Back
July 08, 2024  |  Retail

Discount retailers are closing shop as financially constrained consumers pull back their spending, with Big Lots the latest to take a hit. The discount chain...

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Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
Consumers Demand Discounts Even When Buying Diamonds Amid Inflation
June 13, 2024  |  Retail

As consumers continue to be concerned about their financial situations, shoppers are looking for deals and discounts even when making major purchases such as buying...

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Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
Consumer Spending Shows Signs of Summer Recovery, but Retailers Are Cautious
June 11, 2024  |  Retail

Consumer spending is beginning to show signs of recovery going into the summer, but major retailers are not getting their hopes up. Findings from the...

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One-Fifth of Secondhand Shoppers Bought Pre-Owned Furniture Last Year
One-Fifth of Secondhand Shoppers Bought Pre-Owned Furniture Last Year
June 06, 2024  |  Retail

As retailers see consumers trim spending on large-ticket items, many shoppers are turning to secondhand channels to make large purchases such as home furnishings. By...

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Big Lots: Shoppers Are Holding off on Big-Ticket Discretionary Purchases
Big Lots: Shoppers Are Holding off on Big-Ticket Discretionary Purchases
June 06, 2024  |  Earnings

Still feeling strain on their budgets from ongoing macroeconomic challenges, consumers are cutting out pricy nonessential purchases, according to Big Lots. On Thursday (June 6),...

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