Give Thanks, Save BIG! Big Lots Rolls Out New Holiday Deals for Thanksgiving and Black Friday
Rhea-AI Summary
Big Lots (OTC: BIG) has announced its Thanksgiving and Black Friday sales event, 'Give Thanks, Save BIG!' The company will offer significant discounts starting Thanksgiving Day (7 AM - 9 PM) and throughout Black Friday weekend. Key deals include 50% off Christmas items (excluding trees), 30% off Christmas trees, and recliners for $149.99. Black Friday offers include buy-one-get-one-50% off on toys, blankets, sleepwear, and electronics, plus 20% off on Serta and Sealy mattresses. Extended store hours will run through the weekend, with stores opening at 6 AM on Black Friday. The company continues its 'Black Friday, Every Friday' promotion through December 6, offering special single-day deals each week.
Positive
- Comprehensive holiday sales strategy with significant discounts across multiple product categories
- Extended store hours during peak shopping days to maximize sales potential
- Implementation of 'Black Friday, Every Friday' promotion to drive consistent weekly traffic
Negative
- Stores in ME, MA & RI will lose Thanksgiving Day sales due to blue laws
- Deep discounting may impact profit margins during critical holiday season
Insights
This promotional announcement, while detailing Black Friday sales, lacks material financial impact for investors. The discounts and promotional strategies outlined are standard for the retail industry during the holiday season, with no significant deviation from typical seasonal practices. The
The extended store hours and online shopping options represent standard retail practices rather than innovative strategies that could drive exceptional revenue growth. While employee incentives through additional discounts are positive for morale, they don't materially impact the company's financial performance. The "Black Friday, Every Friday" promotion, running since September, suggests a need to drive regular traffic but doesn't indicate extraordinary sales performance.
Savings Start Thanksgiving Day
Store-wide deals that start on Thanksgiving Day* from 7 a.m. - 9 p.m. on festive decor, apparel, and cozy home essentials to get your home guest-ready will include:
50% off all Christmas (excluding trees)30% off Christmas Trees$149.99 $199.99
Black Friday and Weekend Bargains
Big Lots will offer deep discounts, buy-one-get-one
- Buy One, Get One
50% off all toys, blankets, sleepwear, and electronics 20% off on mattress brands Serta and Sealy- Best-selling sofas
$100 $299.99 $400 - Kids recliners and dress-up tables starting at
$59.99 - Folding Tables and Chairs starting at
$19.99 50% off decorative pillows25% off select Christmas decor including trees, ornaments, outdoor lighting and decorations, and inflatables50% off holiday 15 ft inflatables
"We're thrilled to be a part of our customers' holiday traditions by delivering outstanding value and service throughout this most wonderful time of the year," said Bruce Thorn, president and CEO of Big Lots. "True to our spirit, we're unveiling our holiday savings in a big way, packed with unbelievable bargains and discounts across a fantastic range of holiday items and gifts for everyone on your shopping list."
Extended Store Hours
Big Lots locations nationwide will offer extended hours through the Black Friday weekend, including:
- 6 AM to 10 PM on Black Friday, Nov. 29
- 8 AM to 10 PM on Saturday, Nov. 30
- 9 AM to 9 PM on Sunday, Dec. 1
Customers can shop online at biglots.com anytime and utilize in-store, curbside pickup, and same-day delivery options.
Black Friday, Every Friday
Launched in September and continuing through December 6, Black Friday is every Friday only at Big Lots. A special single-day extreme bargain is revealed each Thursday via email and social media. Sign up to be a BIG Rewards member for free and receive the latest bargains news by email and text at biglots.com/rewards.
Commitment to Customers and Associates
"Our heartfelt gratitude goes out to our amazing associates who dedicate their time to work on Thanksgiving, creating an unforgettable shopping experience for our customers," Thorn added. "To show our appreciation, we're rolling out an extra shopping discount on top of the regular associate discount, stackable with in-store promotions on their purchases that day, as a thank you for our hardworking team members. Their unwavering commitment is truly priceless, and we are so proud to stand by their side as they help bring the joy this time of year."
*Stores in blue law states ME, MA & RI are closed on Thanksgiving Day
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
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SOURCE Big Lots, Inc.
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