Big Lots Left With Big Challenge After Results Show Consumer Squeeze
BIGBig Lots(BIG) Forbes·2024-06-07 22:00

Big Lots has a big challenge to turn results around. Photographer: Angus Mordant/Bloomberg© 2024 Bloomberg Finance LPDownbeat first quarter results for Big Lots did little to stem the bleed out of stock value this week, as the cost of living squeeze hit hard pressed customers at the home discount retailer.Big Lots shares are down by nearly two-thirds since the start of 2024 and only a fraction better over the past 12 months, taking a circa 25% this week dip after Big Lots reported a net loss of $205.0 milli ...