Big Lots CEO Outlines Key Strategies for the Retailer's Turnaround
BIGBig Lots(BIG) PYMNTS.com·2024-09-13 06:56

Three days after Big Lots announced a Chapter 11 restructuring and acquisition by Nexus Capital Management, Big Lots President and CEO Bruce Thorn offered an overview of the company’s performance and strategic direction during the second-quarter earnings call Thursday (Sept. 12).Second-quarter comparable sales fell 14.6% in a “very challenging environment,” Thorn explained, “in which our core lower-income customer remains under significant pressure and has limited capacity for higher ticket discretionary pu ...