Part 1/9:
The Rise and Fall of Big Lots: A Retail Rollercoaster
The retail landscape is often fraught with uncertainties, and recent events regarding Big Lots illustrate this volatility perfectly. Once a staple in the discount retail sector, the company now finds itself at a precipice, undergoing dramatic changes that have rattled employees and consumers alike. As we delve into the factors leading to this downfall, we uncover a narrative that weaves together competition, changing consumer behavior, and strategic missteps.