Big Lots operates 1,451 closeout stores in 48 states and 82 Liquidation World and LW stores in Canada. Wholesale operations are conducted through Big Lots Wholesale, Consolidated International and Wisconsin Toy and with online sales at www.biglotswholesale.com.
Big Lots stores are located across the country in cities large and small and in all kinds of neighborhoods. They range in size from 20,000 to 60,000 square feet, with annual per-store sales averaging $3.5 million.
Brand-name products from 3,000 manufacturers are supplied to stores through five regional distribution centers with more than 9 million square feet of distribution capacity.
In fiscal 2011, Big Lots reported revenue of $5.09 billion, a 3.9% increase, and net income of $207 million.
Sol Shenk founded the company in 1967 that is now Big Lots. In 1982, Consolidated Stores Corporation launches the Odd Lots closeout retail chain, with the first Odd Lots located in Columbus, OH. The company makes its first public offering in 1985 on the American Stock Exchange and introduced the Big Lots name.
In 2001, the company changed its name from Consolidated Stores Corporation to one national brand: Big Lots. The company has also made upgrades with wide aisles, improved lighting, quick checkout, and better service.
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Updated August 1, 2012