Big Lots: net sales in the U.S. 2015-2023
In 2023, Big Lots generated about 4.7 billion U.S. dollars in net sales in the United States, a decrease on the previous year. The company's net sales have been decreasing since 2021.
From closeout to discount retail
Big Lots is an American discount retailing chain based in Columbus, Ohio. The company’s roots can be traced back to 1967 when founded as Consolidated Stores Corp. and opened its first closeout store in 1982. Since 2001, the company is operating under the name of Big Lots, Inc. as a discount retailer. As of February 2024, the company had more than 1,392 stores across 48 states in the United States and employed more than thirty thousand people. Big Lots offers a variety of products in its discount stores, ranging from furniture and household goods to food, pet supplies, and electronics. The company is known for its competitive discounts and closeout sales.
A rough patch
Big Lots competes in a highly competitive landscape among other discount retail giants like Walmart and Costco. 2023 was not such a successful year for the company, which recorded its second consecutive net loss after making a net income in the previous years.