Directions To The Nearest Big Lots (2024)

FAQs

Is Big Lots owned by Walmart or Walmart? ›

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

The Big Lots chain traces its history back to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk. In 1982, Consolidated Stores Corp. opened its first closeout store, called Odd Lots, in Columbus, Ohio. In 1983, drug store chain Revco bought New Jersey closeout retailer Odd Lot Trading Co.

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Big Lots / Customer service

Big Lots is closing stores in 2024, joins growing list of retailers at risk of bankruptcy. The Ohio-based retail chain said in an SEC filing that it may not be able to continue as a company in the wake of substantial losses and debt.

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.

The ownership structure of Big Lots (BIG) stock is a mix of institutional, retail and individual investors. Approximately 35.33% of the company's stock is owned by Institutional Investors, 26.22% is owned by Insiders and 38.44% is owned by Public Companies and Individual Investors.

The Consolidated Stores Corporation, a chain of closeout stores, has changed its name to Big Lots to take advantage of its best-known brand. The company said it would also change the names of its Odd Lots, Mac Frugal's and Pic 'N' Save stores to Big Lots in the next two years. The company is based in Columbus, Ohio.

Big Lots Today

Today we offer an extensive assortment of brand-name items and quality products, including food, furniture, seasonal items, electronics and accessories, home décor, toys, and gifts. Our customers may be on a tight budget, or they may just enjoy our treasure-hunt atmosphere.

Return Policy – In-store & Online

We may ask you for a driver's license or government ID to verify your identity. *To ensure a quick refund or exchange, please return in the original packaging with the receipt, packing slip, or confirmation email with order number (Biglots.com orders).

Is Big Lots membership free? ›

Discover the benefits of BIG Rewards – a top-notch, free shopper loyalty program. Earn rewards with every purchase! Frequent shoppers get a reward every 3 purchases, and furniture buyers receive extra bonuses.

There are several options to pay your bill: in-store at any Big Lots location, online at comenity.net/biglots, by phone at 888-566-4353 (TDD/TTY: 888-819-1918), or through the mail. Acceptable forms of payment include checks, money orders, or cashier's checks in U.S. dollars.

– The big discount retailer Big Lots had announced its plan to shut down 40 stores this year due to the company's battle with worsening financials.

A Faltering Company

Last year, Big Lots Inc.'s filed financial report ending April 29, 2023, revealed a net loss of $206.1 million, or $7.10 per share. In response to that report, 41 furniture stores and 85 close-out merchandise units were liquidated.

The main competitors of Big Lots include Target (TGT), Dollar General (DG), Dollar Tree (DLTR), Walmart (WMT), Costco Wholesale (COST), BJ's Wholesale Club (BJ), Ollie's Bargain Outlet (OLLI), MINISO Group (MNSO), Five Below (FIVE), and PriceSmart (PSMT). These companies are all part of the "variety stores" industry.

Lowe's Companies, Inc. and Walmart Inc. are separate companies and are not owned by the same parent company. While both are prominent retail chains in the United States, they operate independently and have different ownership structures and management teams.

Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings. Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$510.329 billion sales came from U.S. operations.

Family Dollar sells discounted name brand and private label food, health and beauty products and household goods. Big Lots sells discounted name brand and private label food and other goods, but also sells higher ticket items like furniture and mattresses. Big Lots has almost 1,500 stores in the U.S.