Closeout Deal Includes Halloween Indoor and Outdoor Décor; Children, Adult and Pet Costumes; and Trickor-Treat Essentials For 50-70% Less Than Original Retail Pricing COLUMBUS, Ohio, Aug. 20, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced the acquisition of its biggest extreme bargain Halloween closeout ever after purchasing a well-known national party supply retailer's overstock, originally valued at $11 million. The deal covers hundreds of new Halloween items, including indoor and outdoo ...

Company to Broadcast Conference Call COLUMBUS, Ohio, Aug. 15, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it will report the results for the second quarter of fiscal 2024 on Friday, September 6, 2024. The company will host a conference call at 8:00 a.m. Eastern Time on Friday, September 6, 2024. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) o ...

In some cases, a market downturn is an invitation to acquire shares of compelling enterprises at a deep discount. It's akin to buying winter jackets in the summer at bargain rates. Yes, they may be last year's fashion and they're not relevant at the moment. Eventually, though, they'll be worth their weight in gold. On the other hand, some companies may be doomed, which brings us to stocks to sell. It's a difficult concept to discuss because of the hard emotions involved. I'm going to tread carefully as a re ...

New Survey Shows That Bargain Shopping Provides More Than Just Cost Savings; 85% Say They Bargain Shop for the 'Thrill of Finding Deals'; 62% Find It Therapeutic COLUMBUS, Ohio, Aug. 9, 2024 /PRNewswire/ -- In celebration of National Bargain Hunting Week, Aug. 12- 18, Big Lots, Inc. (NYSE: BIG) today announced a series of new bargain-focused initiatives and shared the results of a new survey examining American's bargain shopping habits. In celebration of National Bargain Hunting Week, Aug. 12-18, Big Lots, ...

Store Closures and Financial Adjustments - The company has increased the number of permitted store closures to a maximum of 315, up from the previously allowed 150, as part of amendments to its credit agreement and term loan facility [1] - The credit agreement's aggregate commitments were reduced by $100 million to $800 million, and the borrowing interest rate was increased by 50 basis points [2] - The company is taking aggressive actions to address underperforming stores, including closing certain locations, as part of its strategy to build a stronger business [2][3] Company Strategy and Performance - The company is focused on returning to its roots, owning the bargain space, and delivering unmistakable value to customers [4] - Big Lots has identified five key actions: owning bargains, communicating unmistakable value, increasing store relevance, winning customers for life through omnichannel efforts, and driving productivity [5] - The company aims to drive positive comparable sales growth in the latter part of the year and into 2025, while maintaining year-over-year gross margin rate improvements [5] Financial and Market Performance - Shares of Big Lots increased by over 21% on Wednesday but remain down nearly 86.5% from the start of the year [5] - The company had previously indicated 35 to 40 store closures and three openings expected this year, while also expressing substantial doubt about its ability to continue due to inflation-related pullbacks in consumer spending [4]

Big Lots, the Ohio-based big box discount retailer with nearly 1,400 stores nationwide, is planning to close up to 315 stores in some three dozen states as persistently high inflation has kept customers away — putting the company in danger of bankruptcy. The company submitted a filing with the Securities and Exchange Commission outlining the updated terms of a loan agreement with PNC Bank. The initial agreement called for the closure of up to 150 stores while the amended agreement stipulated that it may nee ...

As the markets continue to change and more economic indicators cross their yield, signaling turbulence ahead, it is time to review your investment portfolio. Due to bad conditions, it may be a good idea to reassess holdings in communication, technology, and consumer discretionary sectors. Despite all the recent clutter on AI and other innovations, technology stocks are no exception to heading south. Lastly, the consumer discretionary sector is also susceptible to economic slowdowns as it relies on individua ...

In the volatile stock market, understanding when and what to sell is equally vital as knowing when and what to buy. Here, the focus is on three beaten-down stocks to sell due to their fundamentals. These fundamentals can point to a potential downturn when the market punishes weaknesses. The first company, a leader in systems software, shows impressive subscription revenue growth. However, sustaining this high growth rate is increasingly challenging due to market saturation. As the base revenue grows, mainta ...

Meanwhile, the second company is a leader in the cloud computing space. Rising GPU-related costs associated with its AI initiatives are eroding its profitability margins despite robust revenue growth. Finally, the third company is a retail chain, a top brand in discount merchandise. It faces declining comparable sales and profitability, reflecting softer consumer sentiment and economic pressures. Uncovering these companies' fundamental weaknesses and market adversities minimizes risks and preserves capital. ...

In conclusion, Worthington's position on the list of the top stocks to sell is reinforced by its challenges to profitability and the competitive pressures it faces in the metals sector. Nu Skin Enterprises (NYSE:NUS) is a direct-selling company that offers a range of skincare and nutritional products. The company had a top-line of $417.3 million for Q1 2024. This was impacted negatively by foreign currency fluctuations, amounting to a 3.8% decrease or approximately $18.2 million. This indicates that a consi ...