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.
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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.
Big Lots Stays On Track In Q3
Big Lots said it stayed in line with its guidance in the third quarter and the company strengthened its balance sheet with the sale of a distribution center.
Big Lots Completes Distribution Center Sale
As it upgrades warehouse and logistical capabilities, Big Lots has completed the sale of its distribution center in Rancho Cucamonga, CA.
Big Lots Appoints Mueller EVP/Business Strategy
Big Lots has appointed Andrej Mueller as evp/business strategy. Mueller has more than 15 years of experience in the consumer industry.
Big Lots Positions For Growth After Solid Q2
Big Lots beat a Wall Street estimate even as second quarter earnings slipped year over year amid a strategic repositioning that includes store changes and while enduring tariff effects.
Big Lots Names Ramsden EVP/Chief Financial Officer
Big Lots has appointed Jonathan Ramsden evp/chief financial and administrative officer, effective August 5.
Big Lots Makes Progress In Q1
Big Lots beat a Wall Street earnings per share estimate as the off-price retailer progressed in its first quarter.
Big Lots Q4 Comps, Net Income Grow
Despite a modest decline in sales for the fourth quarter, Big Lots reported gains in comparable store sales and net income for the three month period ended February 2.
Big Lots Reports Q3 Net Loss
It was a mixed third quarter performance for Big Lots, as the off-price retailer reported a net loss although comparable store sales were up.