Is Big Lots’ transformation plan enough to save it?
Professor Kalyanam discusses Big Lots identity crisis.
Analysts say the retailer may face an uphill battle in a crowded sector with strong rivals.
Over the last year, Big Lots’ financial performance and some operational decisions signaled to analysts and industry observers that the discount retailer might be in trouble.
The company said in a June 13 filing with the U.S. Securities and Exchange Commission that it plans to close between 35 to 40 stores this year and disclosed that it incurred net losses and used cash for operations in 2022, 2023 and Q1 of this year.
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Jul 30, 2024