BNET Industries
Market Cap:$2.4B
Last Fiscal Year Sales:$4.6B
- Public
- US
Dow Jones Description
Maybe it's the one-of-a-kind shopping experience. Or the unique and ever-changing mix of brand-name merchandise. Or perhaps it's just the thrill of the treasure hunt. But one thing's for sure - once you get a taste of closeout shopping, you'll never look at traditional retail the same way again. From everyday consumables and housewares to toys and seasonal goods, Big Lots offers amazing values that other stores just can't match. As the nation's largest broadline closeout retailer, we have the buying power to find and negotiate the best deals in the business. The result? Unbeatable bargains, with something new to discover every time. Plus stores that are genuinely fun to shop. It's a combination strong enough to break old shopping habits - turning more and more consumers into Big Lots closeout shoppers.
Chairman, President & CEO
Steven S. FishmanNumber of Employees 13,600
Peer Companies
NAICS Code All Other General Merchandise Stores: 452990
Recent Events
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Todays Zacks Rank Value Buy: Big Lots, Inc.
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Big Lots tops view, ups outlook, shares soar
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Big Lots, Monster Rise; Take-Two Plunges
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Big Lots to open discount store in Ross
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Big Lots Reports Third Quarter Comparable Store Sales Decrease of 0.2%
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Big Lots recalls 20,000 bunk beds - ISWOnline
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Several break-ins reported to APD
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Pali Research Maintains a 'Buy' on Big Lots BIG; Raises Price Target & Estimates
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Big Lots is back - New north side store to open late October
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Big Lots to open Shallotte store
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Big Lots opens in Colonial Plaza
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J.P. Morgan upgrades Big Lots to 'Overweight'
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Big Lots recalls bunk beds
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Stock Picks: BIG Up; MTW Down
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Big Lots profit beats Street; shares jump
News & Analysis
Filter by
big lots inc. and retail - All News and Analysis
Big Lots Q3 Profit Beats Street, Ups Q4 View
(Reuters) - Closeout retailer Big Lots Inc BIG reported better-than-expected quarterly profit, as initial markups and lower freight costs boosted gross margins, and raised its outlook for the holiday fourth quarter.The retailer, which specializes in sales of excess inventory from home appliances to toys, saw gross margin rates rise 60...
Big Lots, Inc. Q2 2009 (Qtr End 08/01/09) Earnings Call Transcript
Big Lots, Inc. BIG Q2 2009 Earnings Call August 25, 2009 8:00 am ET
Big Lots Raises Guidance for the Second Straight Quarter
Ockham Research submits: Big Lots Inc. BIG reported second quarter results on Tuesday morning that were better than consensus analysts estimates. Sales come in at $1.09 billion, which is about 2% less than a year ago but slightly exceeded estimates. Comparable store sales were off by about...
Big Lots, Inc. F1Q09 (Qtr End 05/02/09) Earnings Call Transcript
Big Lots, Inc. HAS F1Q09 Earnings Call May 28, 2009 8:00 am ET
Despite Big Lots' Fall, Short Positions Decrease
Jessica Johnson submits: Discount retailer Big Lots BIG is the second most borrowed stock in the S&P500 today, with 29% of its shares outstanding on loan (%SOOL), topped only by Mylan MYL with 30% SOOL. BIG's shares fell almost 13% on Friday. On November 7th, the company reported a...
Finding Big Value in Big Lots
Bullish Bankers submits: By Brad Lightner As the economy continues to struggle and discretionary spending tightens, consumers are pinching pennies and looking for any way to save a buck. Stock price run-ups in companies such as Wal-Mart Stores Inc. WMT [53.12, -1.32 (-2.42%)] have proven this simple economic...
Retail Ideas in a Weakening Economy
Trader Mark submits: The economic news, which has been ignored for weeks since the awful labor report as we focus on systematic risk to the entire financial system, continues to degrade. Wednesday's existing home sales, and Thursday's new home sales are a complete disaster. Thursday's weekly unemployment claims are...
Discount Retailers Continue to Thrive
Zacks.com submits: Key Points:Consumers continue to seek out bargains due to the sluggish economy and credit crunchThe trend towards thriftiness is benefiting discount retailers such as Big Lots and Dollar Tree Recent trends made Tuesday's bullish earnings report from closeout retailer Big Lots BIG not all that...
Big Lots: Good Report, Adverse Reaction
Trader Mark submits: This is the second retailer in a row we've seen get hammered on the back of a good report. This tells me the hedge funds are done for now playing with "retailers are making a comeback because gas is falling 40 cents", and on to the next...
Tulsa World, Okla., Business Briefs Column.
Tulsa World, Okla. Knight Ridder/Tribune Business News Mar. 13--The state Department of Commerce announced Wednesday that two companies have joined the Oklahoma Quality Jobs Program. Pratt & Whitney Military Aftermarket Services Inc. will add 300 jobs at Tinker Air Force...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John M. Zavada | CIO |
| Rodney Finger | COO & Executive Vice President |
| John Martin | Executive Vice President, Mdsg |
| Charles Haubiel | General Counsel, Senior Vice President & Secretary |
| Christopher T. Chapin | Senior Vice President, Store Operations |
| Harold A. Wilson | Senior Vice President, Distr & Transportation Services |
| Joe Cooper | Senior Vice President |
| M. Steven Bromet | Senior Vice President, MIS |
| Robert C. Claxton | Senior Vice President, Marketing |
| Charles Freidenberg | Vice President & Mdsg Division |
| Charles H. Howze | Vice President, Store Operations |
| Crystal Weary | Vice President & Manager, Mdsg Division |
| Dennis R. Back | Vice President, Mdsg |
| Gary E. Huber | Vice President, Furniture Operations |
| Jo Roney | Vice President, HR |
| Judith A. Panoff | Vice President & Manager, Mdsg Division |
| Kevin R. Wolfe | Vice President, Loss Prevention |
| L. Michael Watts | Vice President, Tax |
| Linda D. Canada | Vice President, Allocation |
| Loyd R. Barron | Vice President, Store Operations |
| Lyle E. Davis | Vice President & Manager, Mdsg |
| Marion A. Zingaro | Vice President, Transportation Services |
| Michael A. Schlonsky | Vice President, Risk Management & Admin Services |
| Michael W. Scheerer | Vice President, Assets Protection |
| Mollie M. Hall | Vice President, Store Operations |
| Penny L. Davis | Vice President, Assoc Relations & Development |
| Richard J. Marsan | Vice President, Mdsg Presentation |
| Richard P. Wadley | Vice President, Store Operations |
| Robert K. Carter | Vice President, Mdse Planning & Analysis |
| Roger D. Erwin | Vice President, Store Operations |
| Steven B. Marcus | Vice President, Wholesale |
| Steven B. Page | Vice President, Store Operations |
| Timothy Anderson | Vice President, Store Control |
| Timothy D. Kolp | Vice President, Real Estate |
| Todd A. Noethen | Vice President, Distr Support Services |
| Vicki R. Velt | Vice President, Systems Development |
| William Coney | Vice President, Store Operations |
| Keriake Lucas | Director, Public Relations |
| John J. Johnson | Senior Vice President & General Manager, Mdse |
| Norman J. Rankin | Senior Vice President & General Manager, Mdse |
| Tammi Hysell | Media Manager |
| Brad Waite | Human Resources |
| Donald Mierzwa | Store Operations |
| Jon Beck | |
| Kent Larsson | Special Projects |
| Lisa M. Bachmann | Information Technology |
| Paul A. Schroeder | Financial Reporting & Accounting Operations |
| Reshma Pandya | |
| Timothy Johnson | Strategic Planning and Investor Relations |
| Brenda J. Lauderback | Director |
| David T. Kollat | Director |
| James R. Tener | Director |
| Ned Mansour | Director |
| Phillip E. Mallott | Director |
| Russell Solt | Director |
| Sheldon M. Berman | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Steven S. Fishman | Chairman, President & CEO |
| Dennis B. Tishkoff | Chair, Compensation Committee |
| Philip E. Mallott | Chair Audit Committee Member |
| Organization | Position | Status |
|---|---|---|
| CSC Distribution, Inc. | CEO | Current |
| Big Lots Capital, Inc. | CEO | Current |
| Big Lots, Inc. | Chairman, President & CEO | Current |
| Closeout Distribution, Inc. | CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | CIO | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | COO & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Executive Vice President, Mdsg | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | General Counsel, Senior Vice President & Secretary | Current |
| Big Lots, Inc. | Director, Corporate Counsel | Former |
| Big Lots, Inc. | Assistant Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President, Store Operations | Current |
| Facilitysource | President of Facilitysource, Llc | Former |
| Facilitysource | Chief Optimization Architect | Former |
| Limited Brands, Inc. | Director | Former |
| PepsiCo, Inc. | Former | |
| University of Wisconsin | B.S. In Industrial Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President, Distr & Transportation Services | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President | Current |
| Big Lots, Inc. | Chief Financial Officer | Former |
| Big Lots, Inc. | Investor Relations | Former |
| Big Lots, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President, MIS | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President & Mdsg Division | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President & Manager, Mdsg Division | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Mdsg | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Furniture Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President & Manager, Mdsg Division | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Loss Prevention | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Tax | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Allocation | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President & Manager, Mdsg | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Transportation Services | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Risk Management & Admin Services | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Assets Protection | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Assoc Relations & Development | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Mdsg Presentation | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Mdse Planning & Analysis | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Wholesale | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Control | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Real Estate | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Distr Support Services | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Systems Development | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Director, Public Relations | Current |
| Big Lots, Inc. | Director, Public Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President & General Manager, Mdse | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Senior Vice President & General Manager, Mdse | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Media Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Human Resources | Current |
| Big Lots, Inc. | Executive Vice President | Former |
| Big Lots, Inc. | Director of Employee Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Store Operations | Current |
| Big Lots, Inc. | Executive Vice President of Store Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Columbus Consulting, Inc. | Senior Consultant | Current |
| Big Lots, Inc. | Current | |
| Collective Brands Inc. | Current | |
| Foot Locker, Inc. | Current | |
| Kmart | Current | |
| Polo Ralph Lauren Corporation | Current | |
| Planalytics Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Special Projects | Current |
| Big Lots, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Information Technology | Current |
| Big Lots, Inc. | Senior Vice President of Merchandise Planning | Former |
| Ames Department Stores | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Financial Reporting & Accounting Operations | Current |
| Big Lots, Inc. | Vice President | Former |
| Big Lots, Inc. | Director, Accounting Operations | Former |
| Big Lots, Inc. | Controller | Former |
| Limited Brands, Inc. | Finance Positions | Former |
Reshma Pandya is a Senior Consultant. Prior to joining Columbus Consulting, Reshma held various positions over a 12 year career with software and consulting firms. Reshma's work experience includes software development and system design/implementation. Reshma's consulting focus is merchandise/store planning. Reshma earned a B.S in Mathematics for Business from Middlesex University (U.K.) and M.S. in Applied Statistics from Western Michigan University. Reshma's client experiences include Target, Charlotte Russe, Zales, DSW, Talbots, Big Lots, Lane Bryant, Belk, Urban Brands, William Sonoma, and many others.
| Organization | Position | Status |
|---|---|---|
| Columbus Consulting, Inc. | Senior Consultant | Current |
| Big Lots, Inc. | Current | |
| Belk, Inc. | Current | |
| Western Michigan University | M.S. In Applied Statistics | Former |
| Middlesex University | B.S In Mathematics | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Strategic Planning and Investor Relations | Current |
| Big Lots, Inc. | Vice President, Strategic Planning and Investor Relations | Former |
| Big Lots, Inc. | Director of Strategic Planning | Former |
| Organization | Position | Status |
|---|---|---|
| Drew Shoe Corporation | Chief Executive Officer | Current |
| Big Lots, Inc. | Chair, Compensation Committee | Current |
| Drew Shoe Corporation | Chairman | Current |
| Big Lots, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Coker, Palmer | Retail Stock Analyst | Current |
| Big Lots, Inc. | Chair Audit Committee Member | Current |
| Big Lots, Inc. | Director | Former |
Brenda J. Lauderback was appointed to the Select Comfort Board of Directors in February 2004. Ms. Lauderback served as President of the Retail and Wholesale Group for the Nine West Group, Inc., a designer and marketer of women's footwear and accessories, from May 1995 until January 1998. Ms. Lauderback also serves as a director of Big Lots, Inc., Irwin Financial Corporation, Wolverine World Wide, Inc., and Denny’s Corporation.
| Organization | Position | Status |
|---|---|---|
| Select Comfort Corporation | Chair | Current |
| Denny's Corporation | Director | Current |
| Irwin Financial Corp. | Director | Current |
| Wolverine World Wide, Inc. | Board of Directors | Current |
| Louisiana-Pacific Corporation | Director | Current |
| Big Lots, Inc. | Director | Current |
| Big Lots, Inc. | Member Compensation Committee Member | Current |
| Nine West Group, Inc. | Group President | Former |
| Select Comfort Corporation | Director | Current |
David T. Kollat, Ph.D., has served as a member of the Select Comfort Board of Directors since February 1994. Dr. Kollat has served as President and Chairman of 22 Inc., a research and consulting company for retailers and consumer goods manufacturers, since 1987. From 1976 until 1987, he served in various capacities for The Limited, Inc., a women's apparel retailer, including Executive Vice President of Marketing and President of Victoria's Secret Catalogue. Dr. Kollat also serves as a director of Big Lots, Inc., The Limited, Inc., and Wolverine World Wide, Inc.
| Organization | Position | Status |
|---|---|---|
| Select Comfort Corporation | Member of the Select Comfort Board of Directors | Current |
| Limited Brands, Inc. | Director | Current |
| Big Lots, Inc. | Director | Current |
| Wolverine World Wide, Inc. | Board of Directors | Current |
| Limited Brands, Inc. | Finance Committee Member | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Director | Current |
| Big Lots, Inc. | Member Audit Committee Member | Current |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Director | Current |
| The Ryland Group, Inc. | Director | Current |
| Mattel, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Director | Current |
| Tween Brands Inc. | Director | Current |
| Intimate Brands, Inc. | Chief Financial Officer | Former |
| Intimate Brands, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Big Lots, Inc. | Director | Current |
| Big Lots, Inc. | Member Audit Committee Member | Current |
| West Marine, Inc. | Director of Investor Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Xtreem Creative, Inc | Chief Executive Officer | Current |
| Xtreem Creative, Inc | Chairman | Current |
| Big Lots, Inc. | Director | Current |
| Big Lots, Inc. | Member Nominating, Corporate Governance Committee | Current |
| Xtreem Creative, Inc | President | Former |
Executive News
-
Early holiday: Retailers feel the pressure to jump-start the holiday selling season
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Early holiday
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Stock Picks: BIG Up; MTW Down
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Stock Picks: BIG Up; MTW Down (Market Movers)
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Big Lots profit beats Street; shares jump
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Big Lots profit beats Street; shares jump
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2nd UPDATE:Big Lots Raises New Store Count,Plans Loyalty Card
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Huntington Bank Partners with Big Lots and Meijer to Donate $100,000 Worth of Backpacks...
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Huntington Bank Partners with Big Lots and Meijer to Donate $100,000 Worth of Backpacks Throughout the Midwest
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