Big Lots Bolsters Global Product Sourcing with Launch of Asia-based Buying Offices [Yahoo! Finance]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
Offices will integrate previous exclusive third-party agent's sourcing associates; expected to generate significant operational cost savings beginning in FY2024. Strengthens its platform for overseas procurement, assortment optimization and broadens sourcing countries across furniture, seasonal and soft home categories. Underscores Big Lots' commitment to reclaim its bargain heritage through adding newness and expanded assortment at extreme value prices for its customers. COLUMBUS, Ohio April 1, 2024 /PRNewswire/ -- Big Lots (NYSE: BIG) America's Discount Home Store announced today that it has opened international buying offices strategically located in Shanghai, China and Ho Chi Minh City, Vietnam to enhance the company's competitiveness in sourcing products, including closeout deals and extreme bargains. The initiative is expected to yield significant operational cost savings beginning in FY2024 and will bring the company's long-time, exclusive third-party agent's sourcing
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