Big Lots Case Study
In 1967, Sol Shenk founded Consolidated International for closeout deals on all kinds of products, particularly auto parts. A variety of stores were launched under Consolidated including Odd Lots, Pic ‘N’ Save, Mac Frugal’s Bargains, and Big Lots. The stores sold an assortment of brand-name goods and products such as food, furniture, electronics, home décor, toys, and gifts. The main idea behind each of the Consolidated stores was to provide budget friendly items to both people looking to save money and those who enjoyed bargain hunting.
In 2001, Consolidated International and all its stores were rebranded to a single company name: Big Lots. The switch was meant to provide a common national brand and recognition for customers, as well as a shared company culture for all Big Lots associates. Based in Columbus, Ohio, Big Lots currently has over 1,400 locations in the United States, and remains a leader in discount and closeout retailing. Their mission has remained the same, to help customers “live BIG and save LOTS.” This commitment to saving customers money earned them an overall $6.2 billion in revenue and $629 million in profits in 2021, and they plan to expand to almost 2,000 U.S. locations by the end of 2022.
Hilton Displays is proud to partner with Big Lots as a signage manufacturer, and looks forward to continuing our work together in the future.
https://www.forbes.com/companies/big-lots/?sh=3fd615663077
https://www.company-histories.com/Big-Lots-Inc-Company-History.html
https://www.biglots.com/corporate/about-us