March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
27
28
29
30
31
News Every Day |

I went to Big Lots. I didn't see a reason to go back, which might explain why the chain is fighting to stay alive

Halloween-themed products on this shelf were less than $5.
  • Big Lots' plan to sell itself to a private equity buyer fell apart last week.
  • The retailer is starting store closing sales but trying to find another suiter, it said.
  • I visited a Big Lots store in Maryland in September to see what it's like to shop there.

Big Lots is fighting to survive.

The discount retail chain had won court approval to sell itself to private equity firm Nexus Capital Management this fall after filing for Chapter 11 bankruptcy in September. But the deal fell apart last week, leading Big Lots to start store closing sales at the locations it hasn't already shuttered.

In a statement on Thursday, Big Lots said it hopes to find another buyer by early January.

Big Lots cited high interest rates and inflation among the factors that have held back its sales in a statement announcing the Chapter 11 filing earlier this year. Many of its customers have cut back spending on home decor and other non-essential purchases that make up most of what Big Lots stocks, the company added.

Plenty of shoppers are trimming their budgets, especially for purchases they can live without, like eating out or upgrading their home appliances.

But Big Lots has long marketed itself as a place to find great deals. The company has said that it buys products cheaply from suppliers and other retailers, which enables it to keep prices low. That seems like a model that should be working at a time like this. Big Lots did not respond to a request for comment from Business Insider.

To see what shopping at the chain is like, I went to a Big Lots store in the Washington, DC, area after the company filed for bankruptcy in September.

Here's what I found.

I visited a Big Lots store in Waldorf, Maryland.
This Big Lots is located in a strip mall in exurban Maryland.

When I visited this store, located in a strip mall about an hour outside of DC, it was one of a few in the DC area that Big Lots planned to keep open.

After Big Lots' deal with Nexus fell through, through, the retailer said it would start store closing sales at its remaining stores, including this one, putting its future at risk.

I noticed these bags of potting soil and wood pellets for smoking meat.
These bags of potting soil and hardwood pellets were right outside the entrance of the Big Lots store.

It definitely wasn't peak planting or grilling season anymore when I visited this store in mid-September.

This Big Lots store had a lot more food items than I expected it to.
A cooler with a selection of chilled beverages was the first thing I saw when I walked into Big Lots.

This Big Lots store had several aisles of shelf-stable grocery items, from chips to cake mixes.

Big Lots acquires many products from closeouts, which happen when the retailer's suppliers get rid of something at a sizable discount.

That strategy extends to food, which Big Lots acquires "for a variety of different reasons, including other retailers canceling orders or going out of business, production overruns, or marketing or packaging changes," the company wrote in its latest annual filing with the SEC.

I found condiments, including ketchup and mustard...
Sauces and condiments at the Big Lots store.

I recognized some big food brands, such as Hellmann's mayonnaise. Others, such as "Totally Tomato" ketchup, were foreign to me.

...as well as bottles of Prime, the line of energy drinks that Logan Paul cofounded.
Bottles of Prime were $1.29 each at Big Lots.

Prime is facing several lawsuits, including at least two that claim the brand's sales this year have been slower than anticipated, BI reported.

Big Lots also had a selection of cleaning and personal care products, such as this store-brand toilet paper.
Big Lots sells consumable products under its own brand.

I found it interesting that a store focused so much on selling closeout merchandise also has so many products under its own brand. Besides this toilet paper, I also found Big Lots-branded paper plates, markers, and puppy training pads.

I found a wider selection of products at Big Lots than I'd expected for a store of this size.
I found clothing, cleaning supplies, kitchenware, and other products at this Big Lots store.

On average, Big Lots stores had an average of 23,000 square feet of selling space in 2023, according to the company's annual filing with the SEC. That's tiny compared to almost any big-box store: The average Walmart takes up 105,000 square feet, according to a company filing.

Yet Big Lots had a lot of departments, from kitchen supplies to furniture to groceries. The selection within each was limited, and it felt to me like the store was trying to be everything at once.

This display of products that cost less than $5 reminded me of a dollar store.
Halloween-themed products on this shelf were less than $5.

The 99-cent Halloween-themed socks were similar to what I've seen at Dollar General and Dollar Tree stores.

There was also a decent selection of furniture, from bed frames and mattresses...
Bed frames and mattresses at Big Lots.

Signs on the mattresses advertised Big Lots' own credit card, which offers interest-free payments on big purchases.

...to this TV stand.
A black TV stand with storage at Big Lots.

It reminded me of Ikea's Kallax shelving units.

Even though this store wasn't closing when I visited, I spied some empty shelves.
Most areas of the Big Lots store were well-stocked, but not this one.

These shelves were next to a selection of plastic storage containers and other home goods.

Some of the products at this Big Lots store were from a different era.
A selection of DVD movies at Big Lots, each priced at $5.

I found this selection of DVD movies, including "Inception," released in 2010, and "War Dogs," which came out in 2016.

It's been at least a decade since I saw this many DVDs in one place.

This puzzle featuring characters from John Hughes' "Sixteen Candles" was a prime example.
The Sixteen Candles puzzle on a shelf at Big Lots.

I found this puzzle in the toy section for $6. It was one of the most unusual things I found in the store, both because "Sixteen Candles" came out forty years ago and because the manufacturer leaned on the Blockbuster name.

It wasn't just the products: Shopping at Big Lots felt like stepping back in time.
A selection of furniture at Big Lots.

Maybe it was just the rows of fluorescent lighting on the ceiling, but this Big Lots store felt like something out of the 1990s.

The deals didn't impress me, either.
Two liters of soda at Big Lots.

Big Lots customers should still expect "extreme bargains" at its stores despite its ongoing bankruptcy, the company says on a website with information about the filing.

But this 2-for-$5 deal on two-liter bottles of Coca-Cola sodas was representative of the prices I saw at this Big Lots store: Big Lots' pricing was mostly in-line with other places where I could buy similar stuff.

I headed toward the checkouts with two purchases in hand.
I spent less than $10 on these two items combined.

In addition to the $6 puzzle, I found a pack of 100 disposable gloves for $1.99, a slightly better deal than I've seen elsewhere.

I left confused about the role that Big Lots is trying to play for shoppers.
The reporter outside the Maryland Big Lots store.

Big Lots had the range of products that I'd associate with a big-box store like Walmart or Target. But it didn't have the same selection within each category that I'm used to at those stores.

The company's focus on closeout merchandise also reminded me of off-price retailers like T.J. Maxx and Ross, but those stores seem to have a narrower focus on home goods, clothing, and accessories than Big Lots does.

And if you need ketchup, chips, or other groceries, there's no shortage of supermarkets near this Big Lots. I counted at least seven within a mile of the store, including an Aldi, a Safeway, and a local organic market — and each has fresh produce and meat as well.

Lots of retailers have gone through bankruptcy or closed stores over the last 20 years.
The snack selection at Big Lots.

From Sears to Bed Bath & Beyond, plenty of once-prominent retailers have gone through bankruptcies, closed stores, and, in some cases, shut down completely. At the same time, Walmart, Target, and Amazon have continued to attract customers.

Based on my trip there, I don't see a reason to keep shopping at Big Lots. If the chain wants to survive — and avoid the fate of Sears — it will need to offer shoppers something that they can't get anywhere else.

Do you work at a major retailer and have a story idea to share? Reach out to this reporter at abitter@businessinsider.com

Read the original article on Business Insider
Росгвардия

Заседание оперативного штаба состоялось в Управлении Росгвардии по Тюменской области

6 most watchable non-College Football Playoff bowl games, including the Pop-Tarts Bowl

PV Sindhu marries Venkata Datta, look at first pic

Kyler Gordon Sounds Like He Already Wants Out Of Chicago

Bigg Boss 18: BB exposes Rajat Dalal in front of the entire house; plays audio calling Avinash Mishra 'tharki'; the latter asks 'Eisha ko toh tu behan maanta hai na..'

Ria.city






Read also

Labour’s first six months has easily been worst of any Govt in my life… they really are worse than the Tories

‘I’m gonna start doing this’: Server shares what it really means if you leave check face-down

Rob Cross and Dave Chisnall among big names to fall at Alexandra Palace

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

PV Sindhu marries Venkata Datta, look at first pic

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

PV Sindhu marries Venkata Datta, look at first pic



Sports today


Новости тенниса
Юлия Путинцева

Теннисистка Путинцева: решила выступать за Казахстан из-за лучших условий



Спорт в России и мире
Москва

ЦСКА обыграл петербургский СКА в матче КХЛ



All sports news today





Sports in Russia today

Москва

СКА произвёл обратную замену вратаря после пяти пропущенных шайб от ЦСКА в первом периоде


Новости России

Game News

Золотоискатели 2.129.1


Russian.city


News Every Day

Bigg Boss 18: BB exposes Rajat Dalal in front of the entire house; plays audio calling Avinash Mishra 'tharki'; the latter asks 'Eisha ko toh tu behan maanta hai na..'


Губернаторы России
Пулково

В среду в аэропорту Пулково Петербурга были задержаны 7 рейсов


В Чехове мужчина поджег дом с семьей внутри

Команда мультимедийного спектакля «Соборная площадь» поделилась секретами создания проекта

Суд обязал вернуть в Россию картину «Мастерская» художника Херри мет де Блеса

Россия формирует многополярный мир: новые площадки и инициативы


Дина Санданова стала лауреатом первой степени Международного конкурса вокалистов в Монголии

Бутман заявил, что российские музыканты могут достойно заменить показ Венской оперы

В Италии завершился проект «Культурная миссия в Италии»

Певица Бьянка ушла с премии Fashion People из-за невыполнения обязательств


Карлос Алькарас сыграет на турнире ATP-500 в Дохе, куда заявлены ещё шесть игроков топ-10

Тарпищев: в 2025 году Мирра Андреева может войти в первую десятку WTA

Путинцева высказалась о переезде в Казахстан

Соболенко возьмёт лишь один ТБШ в 2025-м. Она может провалиться из-за отсутствия мотивации



Более 511,3 тысячи семей Московского региона получили сертификаты на материнский капитал в проактивном формате

Кабмин запретил майнинг в 10 регионах России до 2031 года

В Чехове мужчина поджег дом с семьей внутри

Подозреваемые в разбойном нападении на пенсионерку задержаны при силовой поддержке ОМОН Росгвардии в Подмосковье


Память начальника войск РХБ защиты Игоря Кириллова почтили сотрудники Росгвардии в Костроме

Покупатели «Пятёрочки» приняли участие в марафоне «Корзина доброты»

Выставка изборского музея о народе сето открылась в Костроме

Заседание оперативного штаба состоялось в Управлении Росгвардии по Тюменской области


Сергей Собянин рассказал, какие объекты благоустроили на северо-западе Москвы

Сибиряк выиграл 52 млн рублей в лотерею

Освободил Русь от монголо-татарского ига: чем ещё прославился Иван «Великий»

Самолёт МЧС забрал из Актау 9 пострадавших в авиакатастрофе россиян



Путин в России и мире






Персональные новости Russian.city
Песня

Менеджер Песни. Менеджер Релиза Песни. Менеджер вышедшей песни.



News Every Day

6 most watchable non-College Football Playoff bowl games, including the Pop-Tarts Bowl




Friends of Today24

Музыкальные новости

Персональные новости