Big Lots plans to add 500 new stores

Retail Dive

Discounters have by and large missed the memo on brick-and-mortar retrenchment. Through years of bankruptcies, store closures, mall struggles and talk of a “retail apocalypse” sparked by e-commerce, off-pricers, dollar stores and others have steadily expanded their presence in the U.S.

Aside from the recent surge in COVID-19, Telsey Advisory Group analysts led by Joe Feldman said in a research note that “Big Lots’ performance remains clouded by significantly higher supply chain and freight pressures, which are likely to continue well into 2022, and the consumer spending environment uncertainty as we lap the US government stimulus in 1H22.”

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