BLACK FRIDAY IS EVERY FRIDAY AT BIG LOTS NOW THROUGH DEC. 6

Rhea-AI Summary

Big Lots (NYSE: BIG) has announced the return of its 'Black Friday Fridays' event, offering Black Friday-level sales every Friday through Dec. 6. The event kicks off on Friday, Sept. 13, with 50% off all Halloween décor. Each week will feature special one-day deals on various product categories, with discounts up to 50% off.

This initiative comes after Big Lots acquired a significant Halloween closeout, valued at $11 million, offering items at 50-70% below original retail prices. The company aims to help shoppers with stretched budgets by providing early access to major holiday deals. BIG Rewards members can receive advance notifications about weekly deals via email or text.

Positive

• Implementation of 'Black Friday Fridays' sales event through Dec. 6, potentially boosting sales
• Acquisition of $11 million worth of Halloween closeout inventory at 50-70% below retail prices
• 50% off Halloween décor promotion on Sept. 13, likely to drive store traffic
• Potential increase in BIG Rewards membership sign-ups for deal notifications

Negative

• Significant discounting may impact profit margins
• Extended promotional period could lead to sales cannibalization from regular-priced items

• Popular Black Friday event will return for 2024 with special one-day deals every Friday
• Offers up to 50% off on single items or collections across product categories
• Black Fridays at Big Lots kick off this Friday the 13th with 50% off all Halloween decor

COLUMBUS, Ohio, Sept. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced that 'Black Friday Fridays' will return this year, with every Friday being a Black Friday-level sales event, including special one-day deals on décor, gifts and more up to 50% off, now through Dec. 6. The event begins this week, on Friday the 13^th, with 50% off all Halloween décor for one day only. Each week's deal will be available in stores during Friday store hours.

"We know that many family budgets are stretched again this year, with some choosing to shop earlier than ever for items on their holiday lists," said Bruce Thorn, President and CEO, at Big Lots. "Staying true to our reason for being, Big Lots is helping shoppers live big and save lots again this season by giving them a significant head start on some of our biggest Black Friday-level deals of the year. Returning bigger and better this year, Black Fridays at Big Lots will be can't-miss bargain shopping events."

The Black Friday sales event kick off comes on the heels of Big Lots' acquisition of a well-known national party supply retailer's overstock, marking the Company's biggest extreme bargain Halloween closeout ever, originally valued at $11 million. The closeout deal includes hundreds of new Halloween items, including indoor and outdoor décor, that are being sold for 50-70% less than their original retail prices. Closeout Halloween décor will be included in the one day-only 50% off Black Friday deal this Friday the 13^th.

Each week's deal will be revealed on Thursday mornings, and will span across product categories, including great holiday gift options, seasonal décor and more, all priced up to 50% off for one day only. Bargain shoppers who would like to be among the first to know about each week's Friday deal can sign up to be a BIG Rewards member for free and receive the latest bargains news in their email inboxes or by text at biglots.com/rewards.

In addition to 50% off all Halloween décor, on Friday, Sept. 13, the Big Lots Foundation will match all donations made in-store to The Kids Mental Health Foundation, up to $50,000. Customers who donate any amount will also receive a coupon for $5 off their next purchase of $15 or more.

ABOUT BIG LOTS
Big Lots is one of the nation's largest closeout retailers focused on extreme value. The Company is dedicated to being the big difference for a better life by delivering bargains to brag about on everything for the home, including furniture, décor, pantry and more. It fulfills its mission to help customers "Live BIG and Save LOTS" with sourcing strategies to grow extreme bargains through closeouts, liquidations, overstocks, private labels, and value-engineered products. The Big Lots Foundation, together with the Company's customers, associates, and vendors, has delivered more than $176 million of philanthropic support to critical needs in hunger, housing, healthcare, and education. For more information, to shop online, or to find a store near you, please visit biglots.com.

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SOURCE Big Lots, Inc.

FAQ

When does Big Lots' Black Friday Fridays event start in 2024?

Big Lots' Black Friday Fridays event starts on Friday, September 13, 2024, and runs every Friday through December 6, 2024.

What discounts are offered during Big Lots' Black Friday Fridays?

Big Lots offers special one-day deals with discounts up to 50% off on various product categories, including décor and gifts.

How can customers stay informed about Big Lots' (BIG) weekly Black Friday deals?

Customers can sign up for free BIG Rewards membership to receive notifications about weekly deals via email or text at biglots.com/rewards.

What special deal is Big Lots offering on Friday, September 13, 2024?

On Friday, September 13, 2024, Big Lots is offering 50% off all Halloween décor for one day only.