Tech Innovation Big Lots recently launched a new app to enhance the shopping experience for customers, showcasing the company's commitment to technological innovation. Leveraging technology can create opportunities for personalized marketing, targeted promotions, and improved customer engagement.
Market Expansion Despite closing some offices, Big Lots has opened new locations in Carson City, Nevada, indicating a strategic focus on geographic expansion. This presents sales opportunities to cater to diverse customer bases in new markets and capitalize on emerging consumer trends in different regions.
Competitive Reshaping With plans to close a significant number of stores, Big Lots is undergoing strategic restructuring to enhance competitiveness. Sales teams can leverage this transition by targeting customers from closed stores, offering alternatives, and capturing market share from competitors affected by similar closures.
Financial Stability Although facing challenges like bankruptcy filings and store closures, Big Lots maintains a revenue stream of over $1 billion. Sales development professionals can explore opportunities to collaborate, enhance sales channels, and offer tailored solutions to help the company maintain financial stability and profitability.
Retail Landscape Analysis By comparing Big Lots to similar companies like Family Dollar, Dollar General, and Five Below, sales teams can gain insights into sector trends and competitive positioning. Identifying key differentiators and leveraging market data can empower sales professionals to tailor strategies for optimal sales performance and growth.
84K
$1B
80K$1B
5.9K$100M$1B
3.2K$10M
10K$1BBig Lots uses 8 technology products and services including Snowflake, Fortra, Payson, and more. Explore Big Lots's tech stack below.
| Big Lots Email Formats | Percentage |
| FLast@biglots.com | 72% |
| FirstLast@biglots.com | 26% |
| FirLast@biglots.com | 2% |
RetailOhio, United States10001+ Employees
Big Lots, Inc. (NYSE: BIG) is one of America’s largest off-price retailers, offering bargains on everything for the home, including furniture, décor, pantry essentials, kitchenware, pet supplies, and more. The Company fulfills its mission to help customers "Live Big and Save Lots" by strategically sourcing bargains in a variety of creative ways, such as closeouts, overstocks and manufacturer liquidations.
Company Overview
Funding & FinancialsBig Lots has raised a total of $250M of funding over 3 rounds. Their latest funding round was raised on Apr 18, 2024 in the amount of $250M.
Big Lots's revenue is in the range of $1B
Funding & FinancialsBig Lots has raised a total of $250M of funding over 3 rounds. Their latest funding round was raised on Apr 18, 2024 in the amount of $250M.
Big Lots's revenue is in the range of $1B
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