Welcome to our dedicated page for Big Lots news (Ticker: BIG), a resource for investors and traders seeking the latest updates and insights on Big Lots stock.
Big Lots, Inc. (BIG) is a Columbus, Ohio-based retailer in the All Other General Merchandise Stores industry that describes itself as one of the nation’s largest closeout retailers focused on extreme value. The news surrounding Big Lots often reflects its discount, bargain-driven approach to home-related merchandise and its efforts to engage value-conscious shoppers.
On this news page, readers can find coverage of Big Lots announcements such as seasonal promotions, holiday sales events, and themed campaigns built around extreme bargains. Recent releases have highlighted initiatives like fall and Halloween promotions, Black Friday-style events on Fridays, Thanksgiving and Black Friday sales, and holiday treasure hunts offering gift card vouchers in stores. These updates illustrate how the company uses events and discounts to reinforce its positioning around bargains to brag about.
Big Lots news also includes developments in customer engagement and digital tools. The company has announced an enhanced Big Lots app for Big Rewards members, featuring rewards access, personalized dashboards, and exclusive offer notifications, as well as an affiliate program for creators and publishers to share closeout opportunities and earn commissions on referral sales.
Another important category of news relates to Big Lots’ financial and restructuring situation. The company has disclosed Chapter 11 proceedings and court approval for the sale of substantially all of its assets and ongoing operations to an affiliate of Nexus Capital Management LP, subject to closing conditions. In addition, Big Lots frequently issues releases about its philanthropic work through the Big Lots Foundation, including disaster relief donations and contributions of home furnishings and essentials to nonprofits. Investors and observers can use this page to follow these operational, promotional, and restructuring updates over time.
Big Lots, Inc. (NYSE: BIG) will announce its first quarter fiscal 2022 results on May 27, 2022, with a conference call scheduled for 8:00 a.m. Eastern Time on the same day. A live webcast will be accessible via the company's Investor Relations website. An archive will be available through June 10, 2022, and interested parties can access a replay by calling 877.660.6853 or 201.612.7415 with the Replay Conference ID: 13729931.
Big Lots, Inc. (NYSE: BIG) is launching a fundraising initiative for the National Veterans Memorial and Museum (NVMM) through May 31, 2022, to honor Memorial Day. Customers can donate any amount at checkout and receive a $5 coupon for future purchases of $15 or more. Big Lots has supported the NVMM with nearly $3.5 million in donations since 2019, promoting access for veterans and their families. CEO Bruce Thorn reaffirmed the commitment to veterans, highlighting the organization's goals and the importance of honoring military service.
Big Lots (NYSE: BIG) has been recognized by Newsweek as having one of America's best loyalty programs for 2022. The BIG Rewards program, with over 22 million active members, ranked third among 50 evaluated loyalty programs specifically in the home furnishings sector. This recognition is based on an independent survey involving over 4,000 U.S. customers, focusing on criteria like overall satisfaction, trust, and customer support. Customers can join BIG Rewards for free, benefiting from discounts and exclusive offers.
Big Lots announced its participation in the Bank of America 2022 Consumer & Retail Technology Conference, scheduled for March 9, 2022, in New York City. A fireside chat featuring Bruce Thorn, Jonathan Ramsden, and Jack Pestello will commence at 10:30 AM ET, accessible via a live webcast on the company's Investor Relations page. An archive of the chat will be available until March 25, 2022. Big Lots is recognized for its discount offerings, operating 1,431 stores nationwide.
Big Lots reported net income of $49.8 million ($1.63 per diluted share) for Q4 FY 2021, down from $98 million ($2.59 per diluted share) in the same quarter last year. Excluding a $3.8 million charge for store impairments, adjusted net income was $53.6 million ($1.75 per diluted share). Q4 net sales were $1.73 billion, a 0.3% decrease year-over-year, impacted by a 2.3% decline in comparable sales. The company plans to open over 50 new stores in 2022 and is focused on overcoming macroeconomic challenges.
Big Lots, Inc. (NYSE: BIG) declared a quarterly cash dividend of $0.30 per common share on March 1, 2022, for the first quarter of fiscal 2022. This dividend will be paid on April 1, 2022, to shareholders of record as of the close of business on March 18, 2022. With 1,431 stores across 47 states and a growing eCommerce platform, Big Lots continues to deliver value through a diverse product assortment focusing on home essentials.
Big Lots, Inc. (NYSE: BIG) will report its fourth-quarter fiscal 2021 results on March 3, 2022, at 8:00 a.m. Eastern Time. A conference call will follow, accessible via the Investor Relations section of its website. The call will have a replay available until March 18, 2022, by calling 877.660.6853. Big Lots operates 1,430 stores across 47 states and features a robust eCommerce platform, focusing on essential home goods.
Big Lots, Inc. (NYSE: BIG) announces a Presidents Day sale featuring 20% off on furniture and mattresses from Feb. 12-27, 2022. Offers include discounts on Broyhill recliners, sectionals, and outdoor seating. CEO Bruce Thorn highlights the significance of saving during these times, aiming to assist customers in maximizing budgets. Payment options include the Big Lots Credit Card and PayPal's Pay in 4. The company operates over 1,431 stores nationwide and emphasizes a unique shopping experience focused on home essentials and exceptional value.
Big Lots, Inc. (NYSE: BIG) is collaborating with the American Heart Association in a campaign against heart disease from February 1-20, 2022. Customers who donate at any Big Lots store will receive a $5 off coupon for a future purchase. On National Wear Red Day, February 4, the Big Lots Foundation will match donations up to $333,333. The initiative aims to address the impact of heart disease, especially among women, exacerbated by the pandemic. Big Lots has supported the AHA for over a decade, emphasizing community health and well-being.
Big Lots, Inc. (NYSE: BIG) is launching a new line of exclusive workout gear and fitness products from Mario Lopez, as part of its January 'New Year, New You' theme. This initiative is featured in 'The Lot,' a seasonal display presented in nearly 1,400 stores nationwide. Big Lots continues to evolve its unique shopping experience, combining bargain hunting with trend-focused merchandise. The company aims to maintain high customer engagement with new themes introduced every six weeks, reinforcing its position as a leading discount retailer in the U.S.