Premium Company Profile: Big Lots

Introduction

As a part of its restructuring initiative, Big Lots closed 174 stores in the fiscal year 2006 and 37 stores in the fiscal year 2007. This would free the resources of the company which could be invested in profitable ventures.

Scope

• Contains corporate strategy, value chain presence and SWOT Analysis
• Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors
• Includes information on suppliers/ partners, shareholding structure and key employees with biographies

Highlights

Big Lots is a broad line closeout retailer in the US. Closeout retailing (a term used to refer to branded products sold at discount prices) is the prime business of Big Lots. The company operates 1,375 stores in 47 states in the US.

The company operates an online web portal, Big Lots Wholesale.com, a business to-business exchange that provides merchandise at below-wholesale prices. The company sells its merchandize to retail customers through BigLots.com

Big Lots offers substantial savings over traditional discount retailers. On an average, customers pay 20% to 40% less on branded items. Big Lots operates in one reportable segment. However, the company's products can be grouped into four categories: consumables, home, seasonal and toys, and others.

Reasons to Purchase

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