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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: 36,100
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 SA85,786,220,000
2. Groupe Auchan SA60,500,000,000
3. Wal-Mart de Mexico y Centroamerica28,703,600,000
4. Kohl's Corp19,023,000,000
5. Dollar General Corporation18,909,590,000
6. Sun Art Retail Group Ltd14,823,450,000
7. Kmart Holding Corporation12,000,000,000
8. Family Dollar Stores Inc10,489,330,000
9. Distribuidora Internacional de Alimentacion SA9,123,138,000
10. Dollar Tree Inc8,602,200,000
12. Big Lots Inc5,177,078,000
Contacts
David CampisiCEO/Director/President
Timothy JohnsonCFO/Chief Accounting Officer/Executive VP
Philip MallottChairman of the Board/Director
Lisa BachmannCOO/Executive VP
Cynthia JamisonDirector
Marla GottschalkDirector
Nancy Reardon-SayerDirector
Wendy SchoppertDirector
Russell SoltDirector
Jeffrey BergerDirector
James ChambersDirector
Richard CheneExecutive VP/Other Executive Officer
Andrew SteinOther Executive Officer/Senior VP
Michael SchlonskySecretary/Senior VP, Divisional
Ronald ParisottoSenior VP/General Counsel/Secretary


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

Description
Big Lots, Inc. is 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 27% of its merchandise from overseas, with 23% 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 30,600 square feet in size. In 2014, the company closed its Big Lots Canada, Inc. operations.
$USD, In whole numbers,
except marked * or %
201520142013201220112010
Financials
    Revenue5,177,078,0005,301,912,0005,400,119,0005,202,269,0004,952,244,0004,726,772,000
    Cost of Revenue3,133,124,0003,236,606,0003,282,469,0003,131,862,0002,939,793,0002,807,466,000
    Gross Margin %39.4838.9539.2139.8040.6440.61
    R&D Expense - - - - - -
    Operating Income224,488,000190,439,000298,454,000345,595,000357,345,000325,010,000
    Operating Margin %4.343.595.536.647.226.88
    SGA Expense1,699,764,0001,759,745,0001,712,910,0001,634,532,0001,576,500,0001,532,356,000
    Net Income114,276,000125,295,000177,121,000207,064,000222,524,000200,369,000
    Earnings Per Share2.082.182.963.032.872.45
    Dividends0.510.000.000.000.000.00
    Book Value Per Share - 13.3513.9310.9311.4411.00
    Operating Cash Flow318,562,000198,334,000281,133,000318,471,000315,257,000392,026,000
    Capital Expenditure93,460,000104,786,000131,273,000131,293,000107,563,00078,708,000
    Free Cash Flow225,102,00093,548,000149,860,000187,178,000207,694,000313,318,000
Profitability
    EBITDA344,190,000304,348,000404,791,000435,702,000436,563,000400,089,000
    Return on Assets %6.777.1710.4312.7013.5312.92
    Return on Equity %13.5215.1022.4023.4022.8422.56
    Net Margin %2.212.363.283.984.494.24
    Assets Turnover3.073.043.183.193.013.05
    Financial Leverage2.071.932.311.991.711.67
Brands, Divisions and Affiliates
Top Salaries
NameTitleSalary (US$)Bonus (US$)
David CampisiCEO/President942,3080
Lisa BachmannCOO/Executive VP646,1540
Timothy JohnsonCFO/Executive VP503,8460
Richard CheneExecutive VP/Other Executive Officer500,0000
Michael SchlonskySecretary/Senior VP, Divisional404,6150
Other Thoughts
Apparent Female Officers or Directors:
Corporate Culture
Big Lots offers associates medical, dental and vision insurance; life insurance; 401(k) with company match; disability coverage; paid sick days; bonus programs; educational assistance; and relocation assistance.