Tranche Update on Big Lots, Inc.'s Equity Buyback Plan announced on August 27, 2020.
August 26, 2021
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From May 2, 2021 to July 31, 2021, the company has repurchased 2,405,000 shares, representing 6.89% for $152.88 million. With this, the company has completed the repurchase of 7,307,000 shares, representing 19.92% for $403.8 million under the buyback announced on August 27, 2020.
Big Lots, Inc. is a home discount retailer in the United States. It operates over 1,300 stores in 48 states and an ecommerce store. The Company's merchandise categories include Food; Consumables; Soft Home; Hard Home; Furniture; Seasonal; and Apparel, Electronics, & Other. The Food category includes beverage and grocery, specialty foods and pet departments. The Consumables category includes health, beauty and cosmetics and chemical departments. The Soft Home category includes home organization, fashion bedding, utility bedding and area rugs departments. The Hard Home category includes small appliances, tabletop and toys departments. The Furniture category includes mattress, case goods, and home decor departments. The Seasonal category includes lawn and garden; summer; Christmas, and other holiday departments. The Apparel, Electronics, & Other department includes apparel; electronics; jewelry; hosiery; and candy and snacks departments, and the assortments for the Lot and the Queue Line.