Former BL Stores, Inc.
0HN5.L
London Stock Exchange0.00
USD
+0.00
- -
Former BL Stores, Inc.
0HN5.L
(London Stock Exchange)
Recent
price
0.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Big Lots, Inc. (ticker: 0HN5.L) operates as a discount retail chain specializing in closeout and overstock merchandise, offering extreme value on home essentials including furniture, housewares, consumables such as food and pantry items, seasonal products, soft home goods, toys, gifts, electronics, decor, tools, and clothing for families; it maintains an e-commerce platform alongside physical stores across the United States. Founded in 1967 as Consolidated Stores Corporation by Sol A. Shenk and headquartered in Columbus, Ohio, the company targets lower-income customers seeking bargains through sourcing strategies like liquidations, private labels, and value-engineered products. Geographically, Big Lots focuses on the U.S. market with over 200 locations post-restructuring, supported by distribution centers in select regions. In September 2024, Big Lots filed for Chapter 11 bankruptcy to facilitate a court-supervised sale process amid declining sales, high debt, and macroeconomic pressures affecting its core customer base; an initial agreement with Nexus Capital Management as stalking-horse bidder fell through, leading to liquidation sales across its approximately 963 stores by late 2024. In December 2024, the company entered a strategic agreement with Gordon Brothers Retail Partners, enabling the transfer of 200 to 400 stores, intellectual property, and up to two distribution centers to Variety Wholesalers Inc., with court approval granted on January 1, 2025, while remaining locations closed permanently. Under Variety Wholesalers' direction as new owners, Big Lots began reopening select stores in early 2025, including initial locations in April followed by 132 additional stores across 14 states such as North Carolina, Ohio, Pennsylvania, Tennessee, Kentucky, Louisiana, and Mississippi starting May 1 and May 15, 2025, emphasizing fresh products, family apparel, home essentials, and branded bargains to revive operations and serve communities.