Posted on 10/07/2005 3:19:02 PM PDT by BurbankKarl
paging williegreen
Pretty meaningless until someone tells us how many stores they had before they started closing. I know they've closed stores here.
I'm not really surprised, the only times I've ever gone in there all they have is junk.
So now they'll be the "Not So Big Lots"?
1500 stores total
That was my impression. It was like a Chinese MFG warehouse closeout. All the junk that would barely stay in one piece while you carried it out the door.
They should have paid you to haul the stuff.
Good. Those places smell as bad as they look.
I used to really like going to Big Lots. They always had something interesting, and you could get a huge bag of really good popcorn for a buck.
But when they remodeled, it was like they hired Stevie Wonder to do the job. Nothing in the store made sense, and it was hard to find the stuff you used to be able to track down easily.
I think our store is staying open, but some in the northern part of West Virginia are shutting down.
> I'm not really surprised, the only times I've ever
> gone in there all they have is junk
Like eBay, BL sometimes has undervalued closeout items,
but it's a crapshoot.
I've been expecting this for some time. A couple of years
ago BL started carrying BigLots-branded items. This said
two things:
1. Their normal supply of real closeouts, overstocks,
remainders and liquidation merchandize was running low, and
2. Because the BL-branded stuff was overpriced junk,
they think their customers are idiots.
"Management Effectiveness:"
Return on Assets (ttm): 2.03%
Return on Equity (ttm): 2.43%
"Income Statement:"
Revenue (ttm): 4.51B
Revenue Per Share (ttm): 39.976
Qtrly Revenue Growth (yoy): 5.60%
Gross Profit (ttm): 1.78B
EBITDA (ttm): 162.15M
Net Income Avl to Common (ttm): 25.84M
source:Big Lots financial info
Didn't they start out as Odd Lots and then the new ones became Big Lots and then they all changed. When I used to go to the store in Ohio, it was Odd Lots and then out here it was Big Lots and the bags even had both names on them--that's if my memory serves me correctly. My kids tell me that I'm old............They're right, but don't tell them.
Oh man, this is hilarious...
>>>But when they remodeled, it was like they hired Stevie Wonder to do the job. Nothing in the store made sense, and it was hard to find the stuff you used to be able to track down easily.
That's so you have to walk through the entire store looking for what you want and pick up other stuff while wandering. The grocery store I shop at reorganizes about every three years and I swear that's the only reason why.
A few years ago, I read an article about stores like Big Lots, which said that during times of economic hardship, those kinds of stores prosper because people are stingier with their money. So maybe the economy is not as bad as the Democrats/MSM are telling me?
Time to buy some shares
Walmart does the same thing.
The Big Lots here are pretty good- lots of inexpensive food items, linens are a good buy, and they are a bonanza at holiday times.
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