Big Lots to go bigger with store growth plans

2021-06-09

Big Lots will open 20 new stores this year as part of an expansion plan begun in 2019 that has helped drive sales growth, which was further spurred as consumers spent their federal relief checks, Chief Financial Officer Jonathan Ramsden said. Revenue at the discount retailer grew 13% to $1.6 billion in the quarter ending May 1 from the same period last year.

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