Big Lots Chapter 11 Could Mean Growth Opportunity For Ollie's Bargain Outlet, Analyst Says [Yahoo! Finance]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
The Columbus, Ohio-based discount retailer confirmed Monday that it would sell all of its assets and ongoing business operations to an affiliate of investment firm Nexus Capital Management as part of a decision that will also include closing some retail outlets. Ollie's may have the chance to take over closed Big Lots locations as it strives to increase store count from a current 525 outlets to a long-term saturation target of 1,300 stores, J.P.Morgan Chase analyst Matthew Boss said. Read Also: Top Wall Street Forecasters Revamp Big Lots Price Expectations Ahead Of Q2 Earnings Ollie's may also benefit from the fact that 430 of its stores are within close proximity to Big Lots stores, he said. “We see lateral close-out retailer OLLI as a primary beneficiary of traffic gains and accelerated wallet share capture with 80-85% of OLLI's 525 store fleet within five miles of a Big Lots store,” he wrote in a note Monday. Big Lots' plans to close 296 out of 1,392 retail locations as
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BIG
News
- Buyer could acquire Big Lots in $760M deal; set to close 4 area stores [Yahoo! Finance]Yahoo! Finance
- Private Equity Investors Line Up Deals For Big Lots And LL Flooring [Forbes]Forbes
- ‘Tadpole water' is the latest TikTok wellness trend. Does it work? [Yahoo! Finance]Yahoo! Finance
- Why frequent flyer programs are so profitable, Apple dives into AI, ‘forever chemicals': Catch up on the day's stories [CNN]CNN
- Big Lots files for bankruptcy protection as it promises to keep offering 'extreme bargains' [MSNBC.com]MSNBC.com
BIG
Earnings
- 6/6/24 - Miss
BIG
Sec Filings
- 9/10/24 - Form 25-NSE
- BIG's page on the SEC website