|Exchange:||New York Stock Exchange|
|Stock:||Big Lots, Inc.|
|Big Lots, Inc., is an Ohio corporation incorporated in May 2001. The Company manages its broadline closeout retailing business on the basis of two segments: U.S. and Canada. In its U.S. segment, it evaluate and report overall sales and merchandise performance based on the following key merchandising categories: Food, Consumables, Furniture, Home, Seasonal, Hardlines & Toys, and Electronics & Other. The Food category includes the food and specialty food departments. The Consumables category includes the health and beauty, plastics, paper, chemical, and pet departments. The Furniture category includes the upholstery, mattresses, ready-to-assemble, and case goods departments. The Home category includes the domestics, stationery, and home decorative departments. The Seasonal category includes the lawn & garden, Christmas, summer, and other holiday departments. The Hardlines & Toys category includes the toys, appliances, tools, paint, and home maintenance departments. The Electronics & Other category includes the electronics, jewelry, infant accessories, and apparel departments, as well as the results of certain large closeout deals that it typically acquire through its alternate product sourcing operations.Closeout merchandise generally results from production overruns, packaging changes, discontinued products, liquidations, returns, and other disruptions in the supply chain of manufacturers. In addition to closeout merchandise, the Company stocks many products on a consistent basis that it believes provides great value to the customers.It faces competition from other general merchandise, discount, food, furniture, arts and crafts, and dollar store retailers, who operate in traditional brick and mortar stores and/or the e-commerce marketplace.|
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