Big Lots, Inc. is an American retail company headquartered in Columbus, Ohio. The company operates 1,414 Big Lots stores in the United States. Big Lots delivers merchandise and services to customers through a diversified portfolio of retail formats including Big Lots stores, Liquidation World stores, and an e-commerce site, biglots.com
Founded in 1967, Big Lots is one of the largest closeout retailers in the United States. Big Lots sells brand name closeout merchandise at prices significantly below those of traditional retailers and has been profitable for 47 consecutive years.
In recent years, Big Lots has been investing in its store base and e-commerce platform to drive growth. The company opened 33 new stores in 2018 and plans to open approximately 30 new stores in 2019.
Big Lots had a strong 2018, with comparable store sales increasing 3.6% for the year. The company’s e-commerce sales also grew significantly, increasing 45% for the year. Big Lots’ net income for 2018 was $247 million, or $3.61 per share.
How is Big Lots doing financially?
Big Lots is doing well financially.
The company had a strong 2018, with comparable store sales increasing 3.
