by Mike Duff | Jul 5, 2023 | Retail Articles
Big Lots has entered into a sale and leaseback agreement with affiliates of Blue Owl Capital covering the company’s distribution center in Apple Valley, CA, and 26 owned store locations in a deal expected to raise a net $310 million for the retailer. The company...
by Mike Duff | May 26, 2023 | Retail Articles
Big Lots reported lower sales and extended losses on a year-over-year basis in its first quarter. Net loss was $206.1 million, or $7.10 per diluted share, versus a net loss of $11.1 million, or 39 cents per diluted share, in the year-previous quarter, the company...
by Mike Duff | Mar 2, 2023 | Retail Articles
Despite a drop into losses, Big Lots managed to beat a Wall Street earnings estimate and come out just below a revenue estimate. Net loss in the quarter by Big Lots was $12.5 million, or 43 cents per diluted share, versus net income of $49.8 million, or $1.63 per...
by Mike Duff | Dec 1, 2022 | Retail Articles
Big Lots had a tough third quarter but vows it’s making progress on turning financials around. For the third quarter, Big Lots recorded a net loss of $103 million, or $3.56 per share, versus $4.3 million, or 14 cents per diluted share, in the year-prior period. With...
by Mike Duff | Nov 9, 2022 | Featured News, Retail Articles
Big Lots has announced the appointment of two new executives with Margarita Giannantonio named chief merchandising officer and John Alpaugh chief marketing officer. Giannantonio will shape and lead the company’s merchandising strategy across all product...
