Big Lots Q1 sales fall amid spending pullback by core customersBig Lots reported a loss and disappointing sales for its first quarter as its core consumers remain under financial pressure and continue to rein in spending, particularly in high-ticket discretionary items. EXCLUSIVE: Here's how Big Lots diverts food products from landfillsBig Lots is redirecting food items from landfills for sale and donation. Big Lots enhances liquidity, adds borrowing capacity Big Lots has increased its borrowing capacity by up to $200 million. Big Lots opens two Asia-based buying offices Big Lots is bolstering its global product sourcing capabilities. Big Lots expands toy selection with inventory acquisition The Columbus, Ohio-based company has closed on a deal to acquire the entire inventory of the Hearthsong brand of children's toys. Burlington exec joins Big Lots C-suite; adds new sourcing role Big Lots is making two additions to its senior leadership team, including a new “extreme value” sourcing position. Big Lots reports loss, sales decline but sees some ‘sequential improvement’ Despite a still challenging environment, Big Lots Inc. said it is ready to “get back to playing offense.” Big Lots in sale leaseback deal for DC, stores Big Lots has entered into a sale and leaseback agreement with affiliates of Blue Owl Capital for gross proceeds of $318 million. Chain Store Age 2023 Retail’s Top Women Awards: The honorees are… Chain Store Age celebrated 25 outstanding female executives at its 2023 Retail’s Top Women Awards event, which was held virtually on June 21. Big Lots to suspend dividend to bolster liquidity on heels of big loss Big Lots reported a much wider-than-expected first-quarter loss as sales declined 18% and its customers dealt with inflation, lower tax refunds and higher interest rates. First Previous 1 2 3 Next Last
