Big Lots: net sales in the U.S. 2015-2022

In 2022, Big Lots generated nearly 5.5 billion U.S. dollars in net sales in the United States, a decrease on the previous year. Overall, however, the company’s net sales have had a slightly positive trend since 2015.

From closeout to discount retail

Big Lots is an American discount retailing chain based in Columbus, Ohio. The company’s roots can be traced back to 1967 when founded as Consolidated Stores Corp. and opened its first closeout store in 1982. Since 2001, the company is operating under the name of Big Lots, Inc. as a discount retailer. As of January 2021, the company had more than 1,400 stores across 47 states in the United States and employed more than thirty thousand people. Big Lots offers a variety of products in its discount stores, ranging from furniture and household goods to foods, pet supplies, and electronics. The company is known for its competitive discounts and closeout sales.

A successful year

Big Lots competes in a highly competitive landscape among other discount retail giants like Walmart and Costco. 2022 was not such a successful year for the company, recording a net loss after making a net income in the previous years.