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On August 28, 2024, Big Lots warned that they could file for
Chapter 11 bankruptcy protection within the coming weeks, blaming declining sales caused by rising interest rates as part of the decision. The company is searching for options to avoid a potential filing. The company's stock sank 27% after
551:
filing. The company closed 52 stores in 2023. In July 2024, Big Lots announced the closure of 35 to 40 underperforming locations nationwide, blaming inflation and high rising costs as part of the decision. The company warned that it might not be able to survive the rest of 2024 and that a
Chapter 11
469:
closeout retailer Odd Lot
Trading Co. As Consolidated's Odd Lots stores expanded Revco was unhappy it that had a similar name as a subsidiary owned by Revco. Consolidated Stores Corp. agreed to limit its use of the Odd Lots name to stores located within a certain radius of Columbus. Beyond that
552:
bankruptcy filing might be imminent; in the first quarter of 2024, net sales decreased 10.2% compared to the first quarter of 2023. Of the company's 1,400 stores nationwide, 144 stores were confirmed to be closing that month including one in
493:
when the U.S. importer was unable to import them. The unusual excess inventory acquisition is commemorated on Big Lots website's "Closeout Museum" page. In 1985, Consolidated Stores Corp. began trading as a separate public company on the
675:, a Canadian closeout retailer with 89 locations for $ 20 million in cash and the assumption of certain liabilities. This is Big Lots first retail venture outside of the US. The first Big Lots location in Canada opened in April 2013 in
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specialty stores. On August 3, 2006, Big Lots announced that it would change its New York Stock
Exchange ticker symbol from BLI to BIG, beginning with trading activity on August 18, 2006.
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In 1994, Consolidated Stores Corp. acquired Toy
Liquidators, adding 82 stores in 38 states. Looking to expand further into the toy business, Consolidated Stores Corp. purchased
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the announcement. On
September 9, 2024, Big Lots filed for Chapter 11 bankruptcy protection, with plans to sell itself to Nexus Capital Management.
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radius, Consolidated began opening stores under the Big & Small Lots name. Eventually, all Odd Lots stores were rebranded as Big Lots.
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846:"REVCO BUILDING "CLOSE-OUT" MERCHANDISING BUSINESS WITH ODD LOT ACQUISITION FOR $ 113 MIL.; PURCHASE INCLUDES $ 78 MIL. WHSLE. BUSINESS"
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Big Lots operated a wholesale division which provided merchandise in bulk. It closed its wholesale division at the end of the 2013
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and its ticker symbol from CNS to BLI. In the later part of 2005, Big Lots closed 170 stores, including all free-standing
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1429:"Big Lots is closing hundreds of stores after warning it could go out of business | CNN Business"
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The Big Lots chain traces its history to 1967 when
Consolidated Stores Corporation was formed in
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695:(all in Ontario as well). Big Lots exited the Canadian marketplace in 2014, citing poor sales.
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1454:"Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports"
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2013:
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by Sol Shenk. In 1982, Consolidated Stores Corp. opened its first closeout store, called
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1410:"Big Lots store closures: Latest list of hundreds of doomed locations across 35 states"
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1481:"Discount Retailer Big Lots Files for Bankruptcy, Agrees to Sale to Nexus Capital"
1332:"Big Lots to close 35 to 40 stores this year amid 'doubt' the company can survive"
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In
October 2023, CreditRiskMonitor reported that Big Lots was nearing a potential
521:, making the "Odd Lots" dispute moot. In 1998, Big Lots Inc. bought 'MacFrugals' (
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in 1996. Shortly afterward, Melville purchased Revco and folded it into the
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Food and
Beverage, toys, furniture, clothing, housewares, small electronics
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1358:"Big Lots closures in California: Here's which stores are shutting down"
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store in the same shopping center. The store later moved to the former
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1106:"COMPANY NEWS; BAIN CAPITAL BUYS TOYS UNIT OF CONSOLIDATED STORES"
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1165:"COMPANY NEWS; CONSOLIDATED STORES CHANGES ITS NAME TO BIG LOTS"
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536:. A year later, Consolidated Stores Corp. changed its name to
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1384:"List: Big Lots set to close dozens of stores — here's where"
813:"Sol A. Shenk, 83, Merchandiser Who Built a 700-Store Empire"
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On July 19, 2011, Big Lots announced that it had purchased
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in 1982. Consolidated took possession of approximately 100
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Companies formerly listed on the New York Stock
Exchange
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Companies based in the Columbus, Ohio metropolitan area
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Companies that filed for Chapter 11 bankruptcy in 2024
1013:"Melville in Accord to Sell Toy Chain to Consolidated"
619:(closed in 2023), which was a former Children's Palace
498:. In 1986, Consolidated Stores Corp. switched to the
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1306:"Big Lots to close stores, may file for bankruptcy"
1047:"CVS TO ACQUIRE REVCO IN $ 2.8 BILLION STOCK DEAL"
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473:Consolidated Stores Corp. was an investor in the
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41:, potentially preventing the article from being
16:American furniture and home decor retail company
908:"Bigger Budget Backs Big Lots Rebranding Moves"
461:, in Columbus, Ohio. In 1983, drug store chain
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1279:"11 retailers at risk of bankruptcy in 2023"
528:In 2000, Consolidated Stores Corp. sold the
1199:"Consolidated Stores to Be Called Big Lots"
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1507:"Big Lots to shut down wholesale division"
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61:reliable, independent, third-party sources
1330:Walrath-Holdridge, Mary (July 10, 2024).
1078:
79:Learn how and when to remove this message
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55:by replacing them with more appropriate
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38:too closely associated with the subject
2118:American companies established in 1967
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1197:Archives, L. A. Times (May 17, 2001).
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1535:"Big Lots getting back out of Canada"
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1259:. Part III (Part 3): 14. May 31, 2007
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485:models, then still at the factory in
224:, U.S. (as Consolidated Stores Corp.)
2128:Discount stores of the United States
2123:Retail companies established in 1967
1427:Valinsky, Jordan (August 13, 2024).
1408:Grothaus, Michael (August 6, 2024).
1381:
1356:Martinez, Jeremiah (July 22, 2024).
1138:Maestri, Nicole (December 8, 2000).
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1533:Buchanan, Doug (December 5, 2013).
1479:Kao, Kimberly (September 9, 2024).
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1224:"Big Lots closing up to 170 stores"
1140:"Consolidated Stores sells KB Toys"
1079:Martin L., de Vore (July 2, 2002).
811:Holusha, John (September 1, 1994).
584:/Sarco building on Winchester Pike.
13:
2133:Toy retailers of the United States
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960:. October 16, 2006. Archived from
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14:
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1541:. American City Business Journals
1304:Herzlich, Taylor (July 5, 2024).
1045:Segal, David (February 7, 1997).
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1505:Feran, Tim (November 11, 2013).
852:. April 30, 1984. Archived from
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502:, trading under the symbol CNS.
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36:may rely excessively on sources
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1960:Red Apple and The Bargain! Shop
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906:Jensen, Trevor (July 2, 2001).
2148:1980s initial public offerings
984:"Securities Act Registrations"
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1:
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705:List of S&P 400 companies
532:and Toy Liquidators lines to
517:chain on its way to becoming
1565:Business data for Big Lots:
1382:Bink, Addy (July 23, 2024).
1081:"MacFrugal's get a new name"
7:
2143:1967 establishments in Ohio
1970:Your Dollar Store with More
1950:Great Canadian Dollar Store
876:"Leased thru June 30, 2027"
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1228:Milwaukee Business Journal
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615:Entrance to a Big Lots in
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1896:Yorkshire Trading Company
1846:The Original Factory Shop
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993:. May 24, 1985. p. 5
491:Belfast, Northern Ireland
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351:US$ 177.77 million (2021)
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1733:(Ireland, Poland, Spain)
725:"All Big Lots Locations"
657:for more than 34 years.
554:Rapid City, South Dakota
389:Nexus capital management
334:US$ 239.7 million (2021)
269:Contiguous United States
176:(Current) (2024-present)
1749:Flying Tiger Copenhagen
1539:Columbus Business First
1485:The Wall Street Journal
883:Retail Investment Group
633:Raleigh, North Carolina
500:New York Stock Exchange
496:American Stock Exchange
441:chain headquartered in
368:US$ 1.41 billion (2021)
317:US$ 6.15 billion (2021)
188:: BLI (until 2006)
2050:Ollie's Bargain Outlet
673:Liquidation World Inc.
475:DeLorean Motor Company
211:; 56 years ago
209:December 13, 1967
182:: BIG (2006-2024)
114:Murphy, North Carolina
1667:(Japan and East Asia)
1512:The Columbus Dispatch
549:Chapter 11 bankruptcy
431:Big Lots Stores, Inc.
92:Big Lots Stores, Inc.
2009:99 Cents Only Stores
1881:Savers (UK retailer)
1856:The Works (retailer)
1851:The Range (retailer)
1677:Living Plaza by Aeon
1615:Big Lots SEC Filings
1606:at Wikimedia Commons
1112:. December 9, 2000.
598:Murrieta, California
574:Big Lots Store No. 1
511:Melville Corporation
112:A Big Lots store in
2055:Ocean State Job Lot
1991:Waldo's Dollar Mart
1683:Watashi to Seikatsu
964:on October 16, 2006
958:"Big Lots - Retail"
933:"Big Lots: History"
617:Englewood, Colorado
600:which was a former
374:Number of employees
254:Number of locations
93:
1930:Dollar Tree Canada
1257:2006 Annual Report
1169:The New York Times
1110:The New York Times
1019:. March 26, 1996.
1017:The New York Times
817:The New York Times
641:Big Lots Wholesale
542:Big Lots Furniture
378:22,900 (2018)
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1602:Media related to
1460:. August 28, 2024
1285:. October 2, 2023
1230:. October 7, 2005
1203:Los Angeles Times
789:on April 14, 2019
635:(closing in 2024)
477:, which declared
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1171:. May 17, 2001.
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785:. Archived from
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2018:
1876:Quality Save
1831:Card Factory
1821:Bargain Buys
1665:100-yen shop
1543:. Retrieved
1538:
1528:
1516:. Retrieved
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1500:
1490:September 9,
1488:. Retrieved
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1464:September 1,
1462:. Retrieved
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1414:Fast Company
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962:the original
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940:. Retrieved
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858:. Retrieved
854:the original
849:
840:
828:. Retrieved
816:
791:. Retrieved
787:the original
782:
773:
764:
755:
746:
743:"Leadership"
737:
728:
719:
679:followed by
670:
650:
644:
631:Big Lots in
602:Pic 'N' Save
582:Buckeye Mart
573:
558:
546:
541:
537:
534:Bain Capital
527:
523:Pic 'N' Save
515:CVS Pharmacy
504:
472:
458:
452:
434:
430:
429:
396:Subsidiaries
358:Total assets
258:1,358 (2024)
237:Headquarters
232:Sol A. Shenk
149:Company type
75:
69:January 2020
66:
51:Please help
35:
18:
2083:(Australia)
2077:(Australia)
2035:Dollar Tree
1955:Hart Stores
1945:Giant Tiger
1685:(Hong Kong)
1679:(Hong Kong)
1585:SEC filings
1545:October 25,
1518:October 24,
1283:Retail Dive
1263:October 25,
1144:MarketWatch
942:October 25,
765:BigLots.com
747:Biglots.com
693:Thunder Bay
647:fiscal year
264:Area served
141:(1967–2000)
2097:Categories
2045:Five Below
2014:ABC Stores
1438:August 18,
1289:October 3,
793:January 7,
779:"Big Lots"
711:References
681:Burlington
519:CVS Health
479:bankruptcy
467:New Jersey
341:Net income
276:Key people
216:1967-12-13
123:Trade name
53:improve it
43:verifiable
1935:Dollarama
1871:QD stores
1861:Poundland
1841:OneBeyond
1793:(Finland)
1787:(Germany)
1775:(Denmark)
1757:(Denmark)
1751:(Denmark)
1745:(Ireland)
1743:EuroGiant
1570:Bloomberg
1336:USA Today
1177:0362-4331
1118:0362-4331
1059:0190-8286
1025:0362-4331
825:0362-4331
667:LW Stores
572:A store,
435:Big Lots!
403:(defunct)
401:LW Stores
282:president
200:Retailing
161:Traded as
57:citations
2019:Big Lots
1986:Casa Ley
1791:Tokmanni
1785:Karstadt
1769:(France)
1767:Monoprix
1718:Mainland
1604:Big Lots
1393:July 23,
1388:The Hill
1367:July 23,
1341:July 12,
1234:June 19,
968:July 18,
937:Big Lots
729:Big Lots
699:See also
487:Dunmurry
483:DeLorean
459:Odd Lots
293:Products
196:Industry
170:OTC Pink
133:Formerly
128:Big Lots
2068:Oceania
1911:America
1891:WHSmith
1816:B&M
1809:Kingdom
1781:(Italy)
1739:(Spain)
1691:(Japan)
1580:Reuters
1458:Reuters
1315:July 9,
1208:July 9,
1182:July 9,
1149:July 9,
1123:July 9,
1090:July 9,
1064:July 9,
1030:July 9,
997:July 9,
917:July 9,
888:July 9,
860:July 9,
830:July 9,
783:Fortune
530:KB Toys
507:KB Toys
465:bought
449:History
420:nexuslp
413:biglots
408:Website
309:Revenue
229:Founder
214: (
206:Founded
47:neutral
2002:States
2000:United
1979:Mexico
1940:Fields
1918:Canada
1807:United
1797:Zeeman
1773:Normal
1725:Action
1711:Europe
1590:Yahoo!
1575:Google
1362:Fox 40
1175:
1116:
1057:
1023:
823:
691:, and
578:Kroger
384:Parent
304:Varies
301:Brands
153:Public
2075:Daiso
2024:Daiso
1965:Rossy
1909:North
1886:Wilko
1826:Boyes
1755:føtex
1731:Dealz
1695:Hands
1671:Daiso
1253:(PDF)
1085:Chron
987:(PDF)
879:(PDF)
509:from
463:Revco
220:, in
174:BIGGQ
1779:UPIM
1761:HEMA
1689:Loft
1658:Asia
1547:2014
1520:2014
1492:2024
1466:2024
1440:2024
1395:2024
1369:2024
1343:2024
1317:2024
1291:2023
1265:2014
1236:2017
1210:2024
1184:2024
1173:ISSN
1151:2024
1125:2024
1114:ISSN
1092:2024
1066:2024
1055:ISSN
1032:2024
1021:ISSN
999:2024
970:2018
944:2014
919:2024
890:2024
862:2024
832:2024
821:ISSN
795:2019
653:and
455:Ohio
422:.com
415:.com
284:and
247:U.S.
186:NYSE
180:NYSE
45:and
1433:CNN
286:CEO
59:to
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