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Company Profile > BIG LOTS INC



Company Profile
 
BIG LOTS INC (HTTP://WWW.BIGLOTS.COM)

Ticker: BIG
Exchange: NYS
Year Established: 2001
Employees: 37,300
Fiscal Year Ends in January

Phone: 614 278-6800
Fax: 614 278-6666
Address: 300 Phillipi Road
P.O. Box 28512
Columbus, OH 43228-5311 United States

Map
Types Of Business

Industry NAICS code: 452112

Discount Stores, Closeout
Discounted Brand-Name Products
Wholesale Operations
Discount Furniture
Industry Ranks
1. Carrefour SA101,801,300,000
2. Groupe Auchan SA69,698,500,000
3. Wal-Mart de Mexico y Centroamerica32,900,420,000
4. Kohl's Corp19,279,000,000
5. Dollar General Corporation16,022,130,000
6. Kmart Holding Corporation15,593,000,000
7. Sun Art Retail Group Ltd13,861,510,000
8. Distribuidora Internacional de Alimentacion S.A.13,355,530,000
9. Family Dollar Stores Inc10,391,460,000
10. Army and Air Force Exchange Service (AAFES)9,902,800,000
12. Big Lots Inc5,400,119,000
Contacts
David CampisiCEO/Director/President
Timothy JohnsonCFO/Chief Accounting Officer/Executive VP
Philip MallottChairman of the Board/Director
Lisa BachmannChief Information Officer/COO/Executive VP
Brenda LauderbackDirector
James ChambersDirector
Dennis TishkoffDirector
Peter HayesDirector
Jeffrey BergerDirector
James TenerDirector
Russell SoltDirector
Richard CheneExecutive VP/Other Executive Officer
Joe CooperExecutive VP/President, Subsidiary
Andrew RegrutOther Corporate Officer
Robert SegalOther Corporate Officer/Senior VP
Timothy SladeSenior VP, Divisional
Robert ClaxtonSenior VP, Divisional
Michael SchlonskySenior VP, Divisional
Carlos RodriguezSenior VP, Divisional
Paul SchroederVice President/Controller


Auditor: Deloitte & Touche LLP
Legal Advisor: Vorys, Sater, Seymour and Pease LLP

Description
Big Lots, Inc. is the one of the nation’s largest broad line closeout retailers. When a manufacturer has excess products due to overruns, packaging changes or discontinued items, Big Lots buys these items at a discount directly from that manufacturer. This allows the firm to provide name brand products at prices below traditional discount retailers. Big Lots supplements its closeout merchandise with everyday items sourced directly from domestic and international suppliers. The company purchases approximately 24% of its merchandise from overseas, with 20% coming from vendors within China. The company sells its merchandise under seven product categories: furniture, consumables, home, food, seasonal, electronics & others and hardlines & toys. Furniture products include upholstery, mattresses, ready-to-assemble products and case goods such as bedroom, dining room and living room furniture. Consumables include the food, health and beauty, plastics, papers, chemical and pet departments. The home category includes domestics, stationery and home decor products. The food category includes the food and specialty food departments. The seasonal category includes lawn and garden, Christmas, summer and other holiday goods. The electronics & other category includes the electronics, jewelry, infant accessories, and apparel departments as well as the results of certain large closeout deals. The Hardlines & Toys category includes the toys, appliances, tools, paint and home maintenance departments. Big Lots operates 1,451 stores in 48 states, averaging approximately 30,169 square feet in size. Additionally, the firm operates a wholesale division, Big Lots Wholesale, which offers business-to-business sales. Its 79 Canadian stores operate under the names of LW and Big Lots.
$USD, In whole numbers,
except marked * or %
201320122011201020092008
Financials
    Revenue5,400,119,0005,202,269,0004,952,244,0004,726,772,0004,645,283,0004,656,302,000
    Cost of Revenue3,282,469,0003,131,862,0002,939,793,0002,807,466,0002,787,854,0002,815,959,000
    Gross Margin %39.2139.8040.6440.6139.9939.52
    R&D Expense - - - - - -
    Operating Income298,454,000345,595,000357,345,000325,010,000254,923,000236,480,000
    Operating Margin %5.536.647.226.885.495.08
    SGA Expense1,712,910,0001,634,532,0001,576,500,0001,532,356,0001,523,882,0001,515,379,000
    Net Income177,121,000207,064,000222,524,000200,369,000151,547,000158,461,000
    Earnings Per Share2.963.032.872.451.871.56
    Dividends0.000.000.000.000.000.00
    Book Value Per Share13.9310.9311.4411.0010.688.54
    Operating Cash Flow281,133,000318,471,000315,257,000392,026,000211,063,000307,932,000
    Capital Expenditure131,273,000131,293,000107,563,00078,708,00088,735,00060,360,000
    Free Cash Flow149,860,000187,178,000207,694,000313,318,000122,328,000247,572,000
Profitability
    EBITDA394,107,000435,702,000431,998,000396,686,000328,775,000324,819,000
    Return on Assets %10.4312.7013.5312.9210.5410.02
    Return on Equity %22.4023.4022.8422.5621.4517.92
    Net Margin %3.283.984.494.243.263.40
    Assets Turnover3.183.193.013.053.232.94
    Financial Leverage2.311.991.711.671.852.26
Brands
Big Lots Wholesale
Big Lots
LW
Top Salaries
NameTitleSalary (US$)Bonus (US$)
Steven FishmanCEO/Chairman of the Board/President1,453,8460
John MartinExecutive VP/Other Executive Officer610,0960
Lisa BachmannCOO/Executive VP593,9420
Joe CooperExecutive VP/President, Subsidiary581,5380
Charles HaubielChief Administrative Officer/Executive VP/Secretary494,3080
Other Thoughts
Apparent Female Officers or Directors:
Corporate Culture
Big Lots associates are offered medical, dental, and vision insurance; life insurance; 401(k) with company match; disability coverage; paid sick days; bonus programs; educational assistance; and relocation assistance.