Big Lots is a store that sells a variety of items, including furniture, food, and toys. It is similar to Walmart and Target in that it offers a variety of products at low prices.
Big Lots is headquartered in Columbus, Ohio. The company was founded in 1967 and has over 1,400 stores in the United States.
Big Lots has been struggling in recent years. In 2017, the company closed 100 stores. In 2018, its CEO stepped down and was replaced by a new CEO who has experience turning around struggling retailers.
Big Lots has also been hurt by the rise of online shopping. Many shoppers now prefer to buy items online rather than in-store. As a result, Big Lots’ sales have declined in recent years.
Despite its challenges, Big Lots is still in business. The company is working to improve its e-commerce capabilities and is also focusing on selling more items that are unique to its stores.
This includes partnering with brands such as Ashley Furniture and carrying more food items. Big Lots is also working to improve the experience of shopping in its stores. It is doing this by investing in store remodels and adding features such as self-checkout lanes.
Big Lots faces significant challenges, but it is still operating over 1,400 stores across the United States. The company is working to improve its e-commerce capabilities and focus on selling items that are unique to its stores. With these efforts, Big Lots may be able to turn around its fortunes and become once again a major force in retail.
Conclusion:
Despite its challenges, Big Lots still exists and operates over 1,400 stores across the United States. While it faces significant challenges, the company is working to improve its e-commerce capabilities and focus on selling items that are unique to its stores.
