Big Lots news and trends

Big Lots Exec Says Mobile and Digital Become On-Ramp for Bankruptcy Exit
Retail // December 16, 2024

Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. In a previous interview with PYMNTS, Sudip Mazumder, SVP, retail industry lead, North America at digital...

Competition for Early Holiday Shoppers Won’t Start With Black Friday
Retail // October 02, 2024

As the holiday shopping season approaches, retailers are rolling out early sales strategies to capture consumer spending against a backdrop of economic uncertainty. With inflation concerns and fluctuating consumer confidence influencing purchasing behaviors, holiday shoppers are adopting a more frugal approach this year, with 33%...

Bankruptcy Filing Highlights Deep-Rooted Issues in Big Lots’ Business Model
Retail // September 09, 2024

As Big Lots embarks on a Chapter 11 restructuring and prepares for acquisition by Nexus Capital Management, retail analysts are evaluating the company’s future amid a challenging market. They note this bankruptcy filing not only signals deep-rooted issues in Big Lots’ business model, but also...

Big Lots Declares Bankruptcy as Consumers Chase Deals
Retail // September 09, 2024

Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, to facilitate its sale to an affiliate of Nexus Capital Management....

Interviews & Exclusives
Big Lots Exec Says Mobile and Digital Become On-Ramp for Bankruptcy Exit

December 16, 2024
Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. In a previous interview with PYMNTS, Sudip Mazumder, SVP, retail industry lead, North America at digital consultancy Publicis Sapient, said Big Lots relied on a traditional brick-and-mortar […]

Competition for Early Holiday Shoppers Won’t Start With Black Friday

October 02, 2024
As the holiday shopping season approaches, retailers are rolling out early sales strategies to capture consumer spending against a backdrop of economic uncertainty. With inflation concerns and fluctuating consumer confidence...

Thinking Small Might Be Retail’s New Big Trend

May 31, 2023
Merchants are embracing smaller footprints in a greater effort to cut costs and renew customer focus. Marking a significant shift in retailer strategy, major stores determined to adapt to the...

High-End Retailers May Be Pinched as High Earners Grapple With Card Debt

May 24, 2023
The latest data from PYMNTS on paycheck-to-paycheck living shows that high earners feel the pinch of credit card debt and wages that aren’t keeping up with inflation. And that may...

Quick Reads
Big Lots Says Previously Announced Sale Has Fallen Through

December 19, 2024
Big Lots said Thursday (Dec. 19) that it is preparing to begin going out of business (GOB) sales at all its remaining stores after determining that it no longer expects to complete its previously announced sale to Nexus Capital Management. The closeout retailer said in a press release that it is still working toward completing an […]

Big Lots Declares Bankruptcy as Consumers Chase Deals

September 09, 2024
Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for...

Report: Big Lots Seeking Investors and Considering Bankruptcy

August 28, 2024
Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is...

Retailers Struggle Amid More Cautious Consumer Spending

March 24, 2024
U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. “Even the strongest and highest profile brands up and down the country are struggling,” said Julie Palmer, a...