COLUMBUS, Ohio, Dec. 4, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIGGQ) unveiled its BIG Ho-Ho Holiday Hunt, a treasure hunt where customers can find one of three hidden holiday cards featuring gift card vouchers valued at $20, $50, or $100. The BIG Ho-Ho-Holiday Hunt starts this Saturday, December 7th, and continues each Saturday leading up to Christmas (December 7, 14, 21) in Big Lots stores nationwide. Each Saturday morning, a clue will be shared with customers via in-store signage and on Big Lots' Facebook and Instagram stories to inform shoppers where they should hunt to find the hidden holiday card vouchers. Customers who find the hidden holiday cards will be instructed to take it to a

Company Remains Committed to Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio, Nov. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) (the "Company") today announced that it has received court approval for the sale of substantially all of the Company's assets and ongoing business operations to an affiliate of Nexus Capital Management LP ("Nexus"). The sale, which is subject to customary closing conditions, is expected to close in early December. Bruce Thorn, Big Lots' President and Chief Executive Officer, said, "Today's approval paves the way f

COLUMBUS, Ohio, Nov. 8, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) today announced the launch of a new Big Lots app is designed to enhance the shopping experience for its valued customers. The app is available for current and new Big Reward members, bringing a host of new features and benefits for its loyal customers. It is the latest step in delivering on its promise to be the leader in extreme value.  The enhanced Big Lots app offers in-store rewards access, a personalized dashboard for tracking earnings, and exclusive notifications for special offers. With features like one-touch shopping, profile and credit card management, and weekly exclusive deals, the app ensures a convenient and

Boston, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has agented a $150 million debtor-in-possession (DIP) term loan for Big Lots Inc. The U.S. closeout retailer focused on value will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings to support the going-concern sale and stalking horse bid. "Having established a working relationship with Big Lots over the last few years, and having previously provided a $200 million delayed draw term loan, we continue to provide a full suite of holistic services for a complete solutions-driven package," said Kyle C. Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Go

Donations will support local relief efforts across Florida and North Carolina through the United Way's Disaster Relief Fund COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- The Big Lots Foundation is donating $200,000 to support relief and recovery efforts in communities impacted by Hurricanes Helene and Milton through the United Way as it responds to critical needs including emergency shelter, food and water, as well as long-term rebuilding and recovery efforts. The United Way will bring together corporate partners, its network and other nonprofits through Hurricane Helene and Hurricane Milton Disaster Relief and Recovery Funds to assist those affected. United Way will continue to work closely

COLUMBUS, Ohio, Oct. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) announced today in observance of World Mental Health Day (October 10), a special four-day promotion to assist children in local communities. The Kindness Kits Challenge, part of Big Lots' Kids Mental Health Foundation (KMHF) fall point-of-sale campaign, will dedicate funds raised at the register from October 10-13 to distribute kindness kits to local elementary schools in communities near Big Lots store locations. Beginning in September and continuing through October, Big Lots customers have been able to round up their purchases or donate $1, $2, $5, or more at checkout. Dollars raised through the campaign support The Kids

Expands opportunities for influential creators and publishers to earn commissions Builds on Big Lots' organic popularity with bargain-savvy influencersSigns new partnership with impact.com to launch and scale programCOLUMBUS, Ohio, Sept. 26, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG), today announced the launch of a new affiliate program, designed to build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond. The program offers influential partners an exclusive opportunity to apply to be among the first to share limited-time closeout opportunities, extreme bargains and promotions with their valued communities and earn a commission

Discount can be used at all Big Lots store locations and online at biglots.comCoupon is required in store and can be downloaded or printed on the websiteDiscount will be automatically applied for online shoppers on biglots.comCOLUMBUS, Ohio, Sept. 19, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), today announced that its popular 2-day 'Friends & Family' Event will return, featuring 20% off shoppers' entire purchase, Sept. 21 and 22. The discount can be used at all Big Lots store locations and online on every category, from furniture and seasonal décor to groceries and home essentials. To take advantage of the discount, shoppers can download a digital coupon or print one at biglots.com/page

Secures Interim Approval to Access Debtor-in-Possession Financing Reiterates Commitment to Continue Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio, Sept. 11, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) (the "Company") today announced that it received interim Court approval for certain "first day" motions related to the Company's voluntary Chapter 11 proceedings. Among other relief, the Court granted interim approval for the Company to immediately access a portion of its $707.5 million postpetition financing facilities. This financing, coup

Implements Plan to Accelerate Business Optimization and Achieve Profitability in 2025 Initiates Voluntary Chapter 11 Process to Facilitate Restructuring Initiatives and Ownership Transition Company Secures Interim Financing to Support Operations Customers Will Continue to Find Unmistakable Value and Extreme Bargains In-Store and Online Q2 Results In Line With Guidance COLUMBUS, Ohio, Sept. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing bus

Loop Capital upgraded Big Lots from Sell to Hold and set a new price target of $1.00

Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $2.50 from $5.00 previously

Loop Capital downgraded Big Lots from Hold to Sell and set a new price target of $1.00 from $6.00 previously

Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $7.00 from $6.00 previously

Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $5.50 from $8.50 previously

Piper Sandler downgraded Big Lots from Neutral to Underweight and set a new price target of $7.00 from $12.00 previously

Credit Suisse initiated coverage of Big Lots with a rating of Underperform and set a new price target of $15.00

Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $20.00 from $23.00 previously

Goldman Sachs reiterated coverage of Big Lots with a rating of Sell and set a new price target of $36.00 from $40.00 previously

Loop Capital reiterated coverage of Big Lots with a rating of Hold and set a new price target of $38.00 from $44.00 previously

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COLUMBUS, Ohio, Dec. 4, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIGGQ) unveiled its BIG Ho-Ho Holiday Hunt, a treasure hunt where customers can find one of three hidden holiday cards featuring gift card vouchers valued at $20, $50, or $100. The BIG Ho-Ho-Holiday Hunt starts this Saturday, December 7th, and continues each Saturday leading up to Christmas (December 7, 14, 21) in Big Lots stores nationwide. Each Saturday morning, a clue will be shared with customers via in-store signage and on Big Lots' Facebook and Instagram stories to inform shoppers where they should hunt to find the hidden holiday card vouchers. Customers who find the hidden holiday cards will be instructed to take it to a

Expands opportunities for influential creators and publishers to earn commissions Builds on Big Lots' organic popularity with bargain-savvy influencersSigns new partnership with impact.com to launch and scale programCOLUMBUS, Ohio, Sept. 26, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG), today announced the launch of a new affiliate program, designed to build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond. The program offers influential partners an exclusive opportunity to apply to be among the first to share limited-time closeout opportunities, extreme bargains and promotions with their valued communities and earn a commission

COLUMBUS, Ohio, March 5, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), America's Discount Home Store, today announced that Maureen B. Short has been appointed to its Board of Directors, effective March 1, 2024. Ms. Short served as the Chief Financial Officer of Upbound Group, Inc. (formerly known as Rent-A-Center), a publicly traded, multi-site, and omni-channel retailer from 2016 to 2022. Commenting on today's announcement, Cynthia T. Jamison, board chair, stated, "Maureen brings more than 25 years of operational leadership and financial experience. Her proven track record of leading discount retail organizations through times of transformation will undoubtably be an asset. We expect she

Home Discount Retailer Names Kristen Cox SVP, Chief Stores Officer and Seth Marks To Newly Created Role of SVP, Extreme Value Sourcing COLUMBUS, Ohio, Nov. 30, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), one of America's largest home discount retailers, today announced the appointment of two new leaders to fill roles on its senior leadership team. Experienced stores leader Kristen Cox is joining Big Lots as SVP, Chief Stores Officer, and closeout merchandising leader Seth Marks is joining the company in the newly formed role of SVP, Extreme Value Sourcing, focused on procuring outstanding products at exceptional values through unique closeout opportunities. Both Cox and Marks will begin

Off-Price Retail Industry Veteran Margarita Giannantonio named Chief Merchandising Officer and Proven Marketing Leader John Alpaugh named Chief Marketing Officer COLUMBUS, Ohio, Nov. 9, 2022 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), one of America's largest home discount retailers, today announced the appointment of two new members of its leadership team. Off-price retail industry veteran Margarita Giannantonio has been named Chief Merchandising Officer and retail industry brand and performance marketing leader John Alpaugh has joined Big Lots as Chief Marketing Officer. "We'

COLUMBUS, Ohio, July 13, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) ("Big Lots" or the "company") today announced that Gurmeet Singh has been appointed Executive Vice President, Chief Technology Officer of Big Lots, effective July 12, 2021. Mr. Singh succeeds Stew Wenerstrom, who will be officially retiring in October following a transition period. Mr. Singh will report directly to Bruce Thorn, President and Chief Executive Officer of Big Lots. Mr. Singh, who received a Ph.D. in Engineering from Rice University, has more than 30 years of experience in information technology. Most recently, Mr. Singh was the Group Chief Digital Officer at the Al Futtaim Group in Dubai, leading all technol

Closeout Deal Includes Halloween Indoor and Outdoor Décor; Children, Adult and Pet Costumes; and Trick-or-Treat Essentials For 50-70% Less Than Original Retail Pricing COLUMBUS, Ohio, Aug. 20, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), today announced the acquisition of its biggest extreme bargain Halloween closeout ever after purchasing a well-known national party supply retailer's overstock, originally valued at $11 million. The deal covers hundreds of new Halloween items, including indoor and outdoor décor; costumes for adults, children and pets; pumpkin carving kits; tableware; trick-or-treat essentials; apparel and more that will be sold for 50-70% less than their original retail p

Company to Broadcast Conference Call COLUMBUS, Ohio, Aug. 15, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it will report the results for the second quarter of fiscal 2024 on Friday, September 6, 2024. The company will host a conference call at 8:00 a.m. Eastern Time on Friday, September 6, 2024. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) or 201.389.0927 (Toll). An archive will be available on the Investor Relations section of the company's website at http://www.biglots.com/corporate/investors/ through midnight Friday, Septem

Q1 comparable sales decline due to challenging consumer environment; gross margins significantly improved year-over-year and continued reductions in adjusted operating expenses Q1 GAAP EPS loss of $6.99; adjusted EPS loss of $4.51 Expect significant quarterly year-over-year gross margin rate improvements through 2024, with a path to positive comparable sales later in the year  On track to achieve 75% bargains penetration and, within that, 50% extreme bargains penetration by year-end Raising Project Springboard cumulative savings target in 2024; ahead of schedule to achieve most of the $200 million+ benefit by year-end  Ended Q1 with $289 million of liquidity, including availability under the

Company to Broadcast Conference Call COLUMBUS, Ohio, May 17, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it will report the results for the first quarter of fiscal 2024 on Thursday, June 6, 2024. The company will host a conference call at 8:00 a.m. Eastern Time on Thursday, June 6, 2024. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) or 201.389.0927 (Toll). An archive will be available on the Investor Relations section of the company's website at http://www.biglots.com/corporate/investors/ through midnight Thursday, June 20, 202

Q4 2023 comparable sales, gross margin rate, expenses, and inventory in line with guidance Q4 GAAP operating loss of $24 million; adjusted operating profit of $1 million; first quarter of positive adjusted operating profit since Q4 2021 Q4 GAAP EPS loss of $1.05; adjusted EPS loss of $0.28 Expect quarterly year-over-year gross margin improvements to continue through 2024 with a path to positive comparable sales Achieved nearly 60% bargain penetration in Q4, well exceeding our initial goal of 33%; expect to grow to 75% penetration in 2024 Project Springboard on track to deliver a high proportion of the $200 million+ benefit in 2024 For the Q4 Results Presentation, Please Visit: https://www.

In a strategic move reflecting Big Lots' deep closeout heritage, the retail and liquidation pioneer has purchased award-winning toy company Hearthsong's full inventory, valued at more than $22 million.The acquisition brings the entire collection of high quality indoor and outdoor children's toys to Big Lots stores for the first time, ahead of the upcoming spring/summer sales season. COLUMBUS, Ohio, Feb. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), one of America's largest discount home retailers, announced today that it has closed on a deal to acquire the entire inventory of the award-winning Hearthsong brand of children's toys in a strategic move that further signals the Company's co

Company Provides Preliminary Unaudited Results Commentary for the Fourth Quarter COLUMBUS, Ohio, Feb. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), America's Discount Home Store, today announced it will report its fourth quarter and full year 2023 results on March 7, 2024. A live webcast with analysts and investors will also be held at 8:00 a.m. ET on March 7, 2024. Commenting on the Company's preliminary unaudited performance in the fourth quarter of fiscal 2023, Bruce Thorn, President and CEO said: "I am pleased to share that we delivered fourth quarter performance in line with our guidance on comparable sales, gross margin rate, operating expenses, and inventory. In addition, we gen

Q3 comparable sales in line with guidance; gross margin rate and adjusted expenses ahead of guidance Reiterating negative high-single-digit Q4 comp sales outlook with an approximately 38% gross margin rate; Q4 adjusted operating result expected to be ahead of last year, marking the first quarter of year-over-year improvement since Q1 2021 Expect quarterly year-over-year improvements to continue through 2024; Project Springboard on track to deliver a high proportion of the $200 million+ benefit in 2024 Q3 GAAP EPS of $0.16; adjusted EPS loss of $4.38   For the Q3 Results Presentation, Please Visit: https://www.biglots.com/corporate/investors COLUMBUS, Ohio, Nov. 30, 2023 /PRNewswire/ -- Big

Company to Broadcast Conference Call COLUMBUS, Ohio, Nov. 16, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it will report the results for the third quarter of fiscal 2023 on Thursday, November 30, 2023. The company will host a conference call at 8:00 a.m. Eastern Time on Thursday, November 30, 2023. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) or 201.389.0927 (Toll). An archive will be available on the Investor Relations section of the company's website at http://www.biglots.com/corporate/investors/ through midnight Thursday, D

Q2 comparable sales and adjusted expenses better than expected; gross margin rate improves year-over-year Q2 GAAP EPS loss of $8.56; adjusted EPS loss of $3.24 Sale/leaseback of California distribution center and 22 owned stores completed since quarter-end, with approximately $294 million of net proceeds Continue to expect business improvements in the back half of 2023, with a moderating comp sales decline and improving gross margins; cost reduction and productivity initiatives through 2024 on track For the Q2 Results Presentation, Please Visit: https://www.biglots.com/corporate/investors COLUMBUS, Ohio, Aug. 29, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today reported a net loss of $24

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