Big Lots
North america's closeout retailer.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 0.1x EV/Revenue -1.4x EV/EBITDA | round | |
* | $150m | Debt | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 1 % | - | 2 % | 16 % | (1 %) | (11 %) | (14 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 8 % | 7 % | 5 % | 9 % | 6 % | (2 %) | (10 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 4 % | 3 % | 5 % | 10 % | 3 % | (4 %) | (10 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
In 1967, Sol Shenk founded Consolidated Stores Corporation, which would later become known as Big Lots. Shenk's vision was to create a retail business that specialized in closeout merchandise, offering significant discounts to customers. This model allowed the company to grow rapidly, appealing to bargain hunters across the United States.
By 1985, Consolidated Stores Corporation had gained enough momentum to go public, raising $33.4 million through its Initial Public Offering (IPO). This influx of capital enabled the company to expand its operations and increase its footprint in the retail market.
In the years that followed, Big Lots continued to evolve, adapting to changing consumer preferences and economic conditions. The company expanded its product offerings beyond closeout items, incorporating a wider range of goods to attract a broader customer base.
Despite facing challenges from larger retail competitors and the rise of e-commerce, Big Lots maintained its position by focusing on value and customer satisfaction. The company's ability to adapt and innovate has been key to its longevity in the competitive retail landscape.
Today, Big Lots operates numerous stores across the country, continuing to serve customers with its unique blend of value and variety. The journey from a single closeout store to a national retail presence is a testament to the vision and resilience of its founder, Sol Shenk, and the company's ongoing commitment to providing affordable products to its customers.