Big Lots Opening Time (2024)

FAQs

Is Big Lots closing stores in 2024? ›

In June, the home discount company stated it expected to close between 35 and 40 stores in 2024 and open three others, according to a U.S. Securities and Exchange Commission (SEC) filing, which shows more than 30 stores nationwide closed between 2023 and 2024.

Who owns big lots stores? Consolidated International, Inc. In 1967, Sol Shenk founded Consolidated International, Inc. - the company that is now Big Lots.

One of the best Big Lots coupons that's available is 20% off everything, which the retailer typically offers four times a year. How do I get Big Lots coupons? The best way to get Big Lots coupons is to sign up for the free BIG Rewards program.

Big Lots (BIG) Ownership Overview

The ownership structure of Big Lots (BIG) stock is a mix of institutional, retail and individual investors. Approximately 35.05% of the company's stock is owned by Institutional Investors, 26.22% is owned by Insiders and 38.73% is owned by Public Companies and Individual Investors.

its filing, Big Lots pointed to declining revenue due to a drop in net sales, along with prolonged sales slides across Big Lots' home furnishings division. The pullback in consumer spending amidst inflation hit hard in the first three months of 2024 and shadows expectations for the year.

One Name Says It All

In 2001 our array of store names and company identity were converted to a single national brand: Big Lots. For our customers, a common national brand represents consistency and buying power. And for our 35,000 associates, the Big Lots name reinforces a shared company culture from coast to coast.

We're proud to offer all active military and retired Veteran customers an EXTRA 10% OFF almost everything, every day in-store only. How do I get the military discount? First, join Big Rewards.

Associate Discount

Our associates and retirees save 20 to 30 percent every day on Big Lots merchandise.

The company's losses in recent quarters — including $205 million in the first quarter — and its use of hundreds of millions of dollars of cash since 2022 to fund operations are among the reasons it said “substantial doubt” has been raised about its ability to continue operations.

Consolidated Stores Corp. agreed to limit their use of the Odd Lots name to stores located within a certain radius of Columbus. Beyond the radius, Consolidated began opening stores under the Big & Small Lots name. Eventually, all Odd Lots stores were rebranded as Big Lots.

Where does Big Lots get its merchandise? ›

Big Lots sources much of its merchandise from closeouts related to production overruns, packaging changes, discontinued products, order cancellations, liquidations, returns and other disruptions in the supply chains of manufacturers as well as from other sourcing options, the company said in its latest 10-K.

According to Big Lots 's latest financial reports the company's total debt is $2.37 B.

Many stores have banners on their web pages that read “closing this location” while alerting customers they could “save up to 20% off.” Among those are roughly 60 of the 109 Big Lots stores in California, according to KTXL.

Shortly afterward, Melville purchased Revco and folded it into the CVS Pharmacy chain on its way to becoming CVS Health, making the "Odd Lots" dispute moot. In 1998, Big Lots Inc. bought out 'MacFrugals' (Pic 'N' Save) stores for $995 million in stock, converting them to the Big Lots brand.

Big Lots closing three stores in the Chicago area, citing financial hardships. According to the company's website, Crest Hill, Lockport, and Niles are the three stores closing.

Big Lots currently has 1,389 locations across 48 states (only Alaska and Hawaii are without stores).