Expansion Momentum Big Lots is actively expanding its physical store footprint, with plans to open over 132 new stores in multiple states including Florida, Virginia, North Carolina, and West Virginia, presenting opportunities for retail vendors and service providers to support new store openings and renovations.
Recent Store Closures Despite ongoing expansion, Big Lots has closed up to 40 stores including in Florida, indicating a dynamic retail environment that may lead to opportunities in store refreshes, liquidation sales, or relocation services for impacted locations.
Strategic Asset Sales Big Lots sold assets to Ollie’s Bargain Outlet earlier this year, highlighting potential for partnership in inventory liquidation, surplus procurement, or supply chain solutions to manage transitions efficiently.
Market Positioning As a large off-price retailer boasting $10 billion in revenue and over 10,000 employees, Big Lots represents a significant opportunity to provide cost-effective supply chain solutions, private label products, or promotional services tailored for off-price retail channels.
Tech Adoption & Growth With a modern tech stack including Microsoft, Apple, and Linux tools, Big Lots demonstrates openness to technology partnerships, offering potential avenues for digital marketing, e-commerce integrations, and retail technology enhancements to support their growth initiatives.