$1,018 $m
Big Lots
Broadline closeout retailer Big Lots chose 2012 to embark on its first fleet-wide remodeling initiative. Its historically frugal approach meant that none of the 1,500 Big Lots stores in the U.S. and Canada had benefited from a retail experience makeover. Distribution, expense structure and merchandising organization have been corporate priorities, enabling the brand to keep its prices low. Store execution has been inconsistent. With that changing, Big Lots continues to introduce new, higher-quality brands, a private label and an expanded international foods program to increase market share.