The wealthy splurge, the poorest pull back as inflation divides: ‘I shop meal to meal' [Fortune]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: Fortune
A confluence of factors—the expiration of federal stimulus checks and surging inflation on staples like gas and food— are driving an even bigger wedge between the haves and have-nots. While wealthier shoppers continue to splurge, low-income shoppers have pulled back faster than expected in the past two months. They're focusing on necessities while turning to cheaper items or less expensive stores. And they're buying only a little at a time. It's a reversal from a year or so ago when low-income shoppers, flush with money from the government and buoyed by wage increases, were able to spend more freely. Kisha Galvan, a 44-year-old mother of eight children from ages 9 to 27, was able to stock up on groceries for the week and buy extras like clothing and shoes at for her children last year. Never miss a story about inflation MORE TOPICS: cryptocurrency VIEW MORE But without the pandemic-related government support and inflation hovering at a near 40-year high, she is buying
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BIG
News
- Retailers Are Struggling With Cautious Consumers — These 3 Stores Are Offering Extreme Bargains [Yahoo! Finance]Yahoo! Finance
- 6 Best Expensive-Looking Things You Can Buy at Big Lots [Yahoo! Finance]Yahoo! Finance
- Over 8 million bags of Tide, Gain laundry detergent packets recalled due to ‘serious injury' risk [CNBC]CNBC
- Big Lots, Inc. (NYSE: BIG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- 8.4M Tide, Gain and other laundry pods recalled over unsafe packaging [FOX Business Network]FOX Business Network
BIG
Earnings
- 3/7/24 - Miss
BIG
Sec Filings
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- BIG's page on the SEC website