by Mike Duff | Apr 19, 2024 | Retail Articles
As it looks to address costs and lagging sales, Big Lots has increased its borrowing capacity by up to $200 million with a new FILO term loan facility through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The loan significantly enhances Big Lots’...
by Mike Duff | Mar 7, 2024 | Retail Articles
Although Big Lots’ fourth-quarter loss was greater than expected by Wall Street, the retailer’s CEO said it is on track to reinforce its position as a leading discount home store. In the 14-week fourth quarter, Big Lots reported a net loss of $30.7...
by Mike Duff | Feb 23, 2024 | Retail Articles
Warehouse clubs dominated the American Customer Satisfaction Index among general merchandise retailers, but Macy’s and Target were also among the leaders. Costco and Macy’s led all others with a satisfaction score of 82 with Target and Sam’s Club just behind at...
by Mike Duff | Feb 5, 2024 | Featured News, Retail Articles
Wayfair, HomeGoods and Big Lots had the highest market shares among pure-play specialty home product retailers for the fourth quarter of 2024, according to market researcher YipitData. HomeGoods had the highest gain in the market share in a study from YipitData, at...
by Mike Duff | Nov 30, 2023 | Retail Articles
Big Lots, still trying to build traction on its turnaround, posted a third-quarter comp decline even as earnings and revenue exceeded or met a Wall Street estimate. The company also announced the appointment of former Burlington Stores executive Kristen Cox to senior...
