Placer.AI: A Pandemic Shaking Will Realign Retail In 2021
As the marketplace looks forward to 2021, Placer.ai has designated several trends that could define how next year unfolds including where and when shopping might change.
big lots
Comp Gains Boost Big Lots Q3
Big Lots recorded double digit comps in the third quarter as it went on to deliver record earnings.
Big Lots Introduces Year-Round Veterans Discount
In honor of Veterans Day, Big Lots has introduced a year-round 10% discount for active military personnel and veterans who are members of the company’s Big Rewards program.
Big Lots Expands Online Gift Card Program
Global branded payments provider Blackhawk Network said that Big Lots has launched a new digital gifting program powered by Blackhawk’s CashStar Consumer technology.
Big Lots Delivers Financial Update With Comp, Earnings Gains
As part of a financial preview, Big Lots has provided an update on expected results for the third quarter of fiscal 2020, which includes a forecasted mid-teen gain in comparable sales.
Household Essentials Propel Strong Big Lots Q2
As an off-pricer open in the COVID-19 pandemic due to its assortment of food, cleaning products and other essential products, Big Lots saw strong results in the second quarter and an increase in new customers trying out its stores.
Big Lots Rolling Out Same-Day Delivery Service
Big Lots said it will begin same-day delivery of its retail store assortment nationwide. The company has entered into a partnership with Pickup, an on-demand logistics provider with a last-mile delivery footprint encompassing more than 300 markets.
Big Lots Appoints Pestello Chief Merchandising Officer
Big Lots has appointed Jack Pestello as evp/chief merchandising officer of Big Lots, effective July 27. Pestello succeeds Lisa Bachmann who, as previously announced, will be retiring after a transition period.
Strong Demand Drives Big Lots Comps
Big Lots said it has seen a continuation of the strong demand that began in mid-April, with quarter-to-date comparable sales through fiscal June increasing well ahead of expectations.
Big Lots Completes Sale/Leaseback Transaction
Big Lots has completed its previously announced sale and leaseback transactions with affiliates of Oak Street Real Estate Capital relating to its four company-owned distribution centers. Gross proceeds from the transactions were $725 million and net proceeds, after expenses and taxes, are expected to be approximately $550 million.
Big Lots Partners With Instacart To Launch Same-Day Delivery
Big Lots has partnered with Instacart to launch same-day delivery nationwide from nearly 1,400 Big Lots stores across all 47 states where the retailer operates.
Big Lots Steps Up Momentum After Q1 Results Jump
In the first quarter, Big Lots sales and earnings jumped, as the off-price retailer gained momentum to the next fiscal period and beyond.
Big Lots Steps Up Coronavirus Response
Big Lots is stepping up its response to the COVID-19 crisis, including further actions the company is taking to support its customers, associates and communities.
Big Lots Appoints Two New Independent Directors
Big Lots has formed an agreement with Macellum Advisors and Ancora Advisors, who beneficially own approximately 9.8% of the company’s outstanding common shares, to appoint Andrew Clarke and Aaron Goldstein to the company’s board of directors, effective immediately.
Big Lots Ad Recognizes Employees, Supports Health Care Workers
As a tribute to store employees, Big Lots has released a new television spot, with a portion of the proceeds from the music featured in the commercial going to health care workers fighting COVID-19.
Big Lots Boosts Financial Position With Distribution Center Deal
Big Lots has entered into sale and leaseback agreements with affiliates of Oak Street Real Estate Capital covering the company’s distribution centers in Columbus, OH, Durant, OK, Montgomery, AL and Tremont, PA.
Big Lots Strengthens Business Operations
Big Lots has updated its business operations related to the impact of COVID-19. As a provider of everyday essentials, Big Lots said its stores remain open with a special emphasis on grocery, cleaning, pet, and health and wellness assortments.
Activist Investors Eye Big Lots Value Opportunity
Macellum Advisors and Ancora Advisors, activist investors who are sponsoring a slate of nominees for the Big Lots board of directors, has issued an open letter for fellow shareholders describing what they see as means to increase the value of the company.
Big Lots Responds To Activist Investors’ Board Nominations
Big Lots has issued a statement in response to Macellum Capital Management and Ancora Advisors, who submitted a notice of nomination of nine director candidates to stand for election to the retailer’s board of directors at the company’s 2020 annual meeting of shareholders.
Big Lots Q4 Comps, Earnings Slip
A less-than-stellar fourth quarter weakened Big Lots financial performance for fiscal 2019.