Big Lots Risk Report

🛡️ financial & liquidity

Big Lots has undergone significant financial strain, leading to a series of store closures and restructuring efforts. The company faced bankruptcy but has been executing a recovery plan under new ownership. The strategy involves reopening many stores nationwide to boost operations and financial stability.

• Big Lots announced the reopening of 132 stores 🗓 April 29, 2025, after closing numerous locations earlier in the year due to financial issues.
• The company saved around 200 stores from closing, with 22 in Pennsylvania 🗓 February 7, 2025, amid a significant downsizing effort.
• Aldi acquired three former Big Lots locations as the company aimed to streamline operations 🗓 May 12, 2025.
• Reports on 🗓 July 8, 2025, indicated Big Lots continued to face challenges, with plans to shutter dozens more stores across 25 states.
• Ollie's Bargain Outlet acquired 40 former Big Lots stores, initiating a successful start to their operations 🗓 June 9, 2025.

🏗️ operational & business continuity

Operational disruptions occurred when Big Lots underwent bankruptcy proceedings, temporarily closing many stores. However, the company is making strides towards operational continuity by reopening stores under new management. The focus remains on reviving customer interest and ensuring long-term sustainability.

• The company initiated a nationwide comeback by reopening numerous locations, including a significant wave of 132 stores 🗓 April 28, 2025.
• Big Lots' strategic plan under new ownership was highlighted for prioritizing less furniture and more apparel in stores 🗓 April 25, 2025.
• On 🗓 June 12, 2025, Big Lots announced that 40 former store locations would become Ollie's Bargain Outlet, aiding operational shifts.
• Ongoing efforts to open more stores as part of the recovery plan were noted, with 70 locations set to resume operations in certain regions 🗓 June 6, 2025.