Columbus, Ohio — Big Lots, Inc., one of America’s largest home discount retailers, has appointed two new members of its leadership team. Off-price retail industry veteran Margarita Giannantonio has been named executive vice president and chief merchandising officer, while retail industry brand and performance marketing leader John Alpaugh has joined Big Lots as senior vice president and chief marketing officer. “We’ve worked diligently to find the right thought and people leaders for these two roles, and Margarita and John emerged clearly from our searches as the right leaders to take …
Bruce Thorn
Columbus, Ohio — Big Lots, Inc. has provided a long-range growth and margin outlook, including a sales goal of $8-$10 billion driven by approximately 500 net store openings, merchandise sales productivity initiatives and continued e-commerce growth; an operating margin goal of 6% to 8% driven by gross margin improvement and expense leverage; and a return on invested capital goal of 20% to 25%. “We are highly confident that Operation North Star has put us on track to create tremendous long term value for shareholders, and that we now have the …
Columbus, Ohio — Big Lots, Inc. has appointed Gurmeet Singh as executive vice president, chief technology officer of Big Lots, effective July 12, 2021. He succeeds Stew Wenerstrom, who will be officially retiring in October following a transition period. Singh will report directly to Bruce Thorn, president and chief executive officer of Big Lots. Singh has more than 30 years of experience in information technology. Most recently, he was the group chief digital officer at the Al Futtaim Group in Dubai, leading all technology, data and digital efforts for the …
Columbus, Ohio — Big Lots Inc. has reported net sales of $1.6 billion in its fiscal second quarter, which ended Aug. 1. This figure is 31.3% higher than the second quarter of 2019, which totaled $1.2 billion. Bruce Thorn, president and CEO of the Columbus-based retailer, says the “record-breaking results” were driven by both in-store and online activity. Big Lots also reported net income of $452 million, which includes $341.9 million in earnings due to the sale-leasebacks of several distribution centers. The company’s stock price closed at $55.70 per share …