Directions To The Nearest Big Lots (2024)

FAQs

Is Big Lots owned by Walmart? ›

Who owns big lots stores? Consolidated International, Inc. In 1967, Sol Shenk founded Consolidated International, Inc. - the company that is now Big Lots.

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.

“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.

Big Lots (BIG) Ownership Overview

The ownership structure of Big Lots (BIG) stock is a mix of institutional, retail and individual investors. Approximately 42.48% of the company's stock is owned by Institutional Investors, 25.53% is owned by Insiders and 31.99% is owned by Public Companies and Individual Investors.

Big Lots's competitors and similar companies include Dollar General, Target, Walmart, Costco and Burlington Stores. Big Lots is a non-traditional, discount retailer. Dollar General (DG) is a discount retailer selling products from various brands.

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. Big Lots has almost 1,500 stores in the U.S.

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.

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The original Pic 'N' Save, founded in 1950, was bought by Consolidated Stores in 2002, then converted to Big Lots. Miller revived the brand in 2020.

Big Lots – Lots of Issues.

iHeart reports that the big box retailer scored a 2 from Credit Risk Monitor, meaning there is a 4 to 10% chance of bankruptcy in the next year. In a recent earnings call, the company noted call that low-income customers are delaying or pulling back on discretionary spending.

Big Lots has long sourced from closeout situations such as production overruns, packaging changes, discontinued products, order cancelations, liquidations, returns and other disruptions in the supply chains of others.

Is Big Lots losing money? ›

For the year, Big Lots accumulated $4.722 billion in net sales, down 13.65% from $5.468 billion in 2022. Its net loss for the year was $481.9 million, or $16.53 per diluted share compared with a net loss of $210.71 million, or $7.30 per diluted share a year ago.

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.

The company originated as Odd Lots (in 1967) and due to geographic constraints, the Big Lots name was incorporated as the company expanded. Big Lots acquired the Mac Frugal's / Pic 'N' Save company in 1998 which solidified our leadership position in the closeout category.

Like most retail stores these days, Big Lots offers its own store credit card with a few notable perks. The Big Lots credit card, though, doesn't offer big value. Issued by Comenity Bank, the card offers little in the way of discounts, incentives or ongoing rewards.

U.S. trademark documents show the Broyhill mark — and related marks, such as Attic Heirlooms, Broyhill Leather and Simply Entertaining by Broyhill — were signed over to Big Lots Nov. 9. The purchase price was not disclosed.

Sam's Club Company Facts

A division of Walmart Inc., we are the membership warehouse club solution for everyday living.

Walmart acquires Moosejaw, ModCloth, Bonobos and Parcel. Jet acquires ShoeBuy.com, which is later renamed Shoes.com. Walmart launches Store No 8, a tech incubator, with a focus to drive commerce forward and transform the future of retail.

Walmart also owns various apparel brands and clothing lines for men, women, and children. Examples of apparel brands are George (men's shoes and clothing), Terra & Sky (plus size women's apparel), Time and Tru (women's shoes and clothing), and Athletic Works (activewear for men, women, and children).

Discount retailer Big Lots (NYSE:BIG) used $690 million to repurchase BIG shares over the last few years, but now they are in serious financial trouble. Just because BIG shares are 95% off their June 2021 high does not make them a bargain.