Big Lots Business Insights

How does Big Lots maintain its competitive pricing?

• By buying overstock merchandise
• By selling exclusive branded items
• By only offering online sales
• By focusing on high-end products

What sets Big Lots apart from other discount retailers?

• Its unique selection of closeout goods
• Its luxury merchandise selection
• Its focus on high-tech gadgets
• Its wide range of organic food products

What is one of the key ways Big Lots increases foot traffic to stores?

• In-store promotions
• Opening more stores in rural areas
• Expanding their product offerings
• Increasing social media ads

What is the main focus of Big Lots' online business?

• Selling discount products
• Luxury goods
• Subscription services
• Exclusively home goods

What was the original name of Big Lots?

• Odd Lots
• Big Bargains
• Super Deals
• Warehouse Savings

Big Lots is primarily a store that targets which income level?

• Middle-income earners
• Low-income earners
• Upper-class earners
• Wealthy individuals

What is the name of Big Lots’ loyalty program?

• Big Rewards
• Big Lots Points
• Club Savings
• The Bargain Club

What was Big Lots' original business model?

• Closeout sales of excess merchandise
• Selling luxury items at discount prices
• Selling imported goods at a markup
• Electronics-focused retail

Which of these is a primary product category at Big Lots?

• Furniture
• Electronics
• Jewelry
• Automotive

Big Lots often markets which of these types of deals?

• "Closeout" sales
• Buy-one-get-one-free offers
• Free shipping promotions
• Seasonal discounts

Which of these is NOT a focus of Big Lots' business strategy?

• Convenience
• High-end products
• Discount pricing
• Store expansion

Big Lots emphasizes which type of customer relationship?

• Low-cost, high-value transactions
• Luxury experiences with premium customer service
• Personalized shopping for high-end products
• Subscription-based services for exclusive products

Which product does Big Lots primarily source from local suppliers?

• Furniture
• Home appliances
• Electronics
• Automotive products

What is the largest category of Big Lots' sales?

• Furniture and home goods
• Toys and games
• Electronics
• Health and beauty

Big Lots' expansion strategy involves which of the following?

• Opening new stores in underserved areas
• Increasing prices to target higher-income consumers
• Closing down less profitable locations
• Offering exclusive luxury items

What is Big Lots' main online sales platform?

• Big Lots website
• Amazon
• eBay
• Target website

Which of these store features is emphasized by Big Lots?

• Savings on a wide range of products
• Personalized shopping experiences
• Online-only sales
• Free delivery services

In what way does Big Lots distinguish itself from its competitors?

• Large variety of discounted products
• Exclusive high-end product lines
• Convenient locations in urban areas
• Free in-store services

Which of these describes Big Lots' target market?

• High-income earners
• Value-conscious shoppers
• Eco-conscious consumers
• Luxury buyers

Where is Big Lots headquartered?

• New York
• Ohio
• Columbus, Ohio
• California

Which company owns Big Lots?

• Big Lots, Inc.
• Walmart
• Costco
• Target

How often does Big Lots have sales events?

• Weekly
• Monthly
• Periodically throughout the year
• Yearly

What is Big Lots' ticker symbol?

• BIG
• BLOX
• BGS
• BID

Big Lots is traded on which stock exchange?

• New York Stock Exchange
• NASDAQ
• Tokyo Stock Exchange
• London Stock Exchange

What has Big Lots done to adapt to e-commerce growth?

• Enhanced their online shopping experience
• Limited their in-store presence
• Stopped offering in-store pickup
• Launched a subscription service

Big Lots is planning to expand into which of these regions?

• Rural areas
• Urban centers
• International markets
• Suburban shopping centers

What type of retailer is Big Lots?

• Discount retailer
• Luxury retailer
• Grocery store
• Electronics retailer

Which of these is a key goal for Big Lots in the upcoming years?

• Expanding market share through increased sales
• Focusing exclusively on local markets
• Cutting product categories
• Reducing store footprints

What is the primary customer base for Big Lots?

• Budget-conscious consumers
• Luxury shoppers
• Middle-income families
• College students

Which of these strategies is part of Big Lots’ focus on sustainability?

• Reducing waste
• Selling plastic-free products
• Minimizing in-store promotions
• Focusing on luxury items

How does Big Lots mainly attract new customers?

• Promotions and discounts
• Loyalty rewards programs
• Celebrity endorsements
• High-end product launches

Which of these brands does Big Lots carry?

• Broyhill
• Apple
• Nike
• Samsung

Which of these describes Big Lots' inventory strategy?

• Frequently changing, overstock-based inventory
• Long-term contracts for exclusive products
• Maintaining a steady range of high-end products
• Focusing on imported luxury goods

How does Big Lots advertise to its audience?

• Through digital and traditional advertising
• Through exclusive influencer campaigns
• By offering large discounts on specific products
• By hosting exclusive events

What type of products can you typically find in Big Lots' clearance section?

• Overstock items
• Brand-new items
• Exclusive brand products
• Seasonal items

What is the average price range of Big Lots' products?

• $10–$100
• $100–$500
• $1–$100
• $500–$1,000

How does Big Lots address customer needs for convenience?

• By offering in-store pickup options
• By providing a premium membership
• By selling exclusively online
• By opening larger stores

Big Lots is most known for selling what type of products?

• Discount home goods
• Electronics
• Fresh food
• Clothing

Which of these does Big Lots often offer during holiday seasons?

• Seasonal discounts
• Luxury product exclusives
• Free store events
• Exclusive partnerships with designers

How many stores does Big Lots operate in the United States?

• 700
• 300
• 1,400
• 2,000

In which year did Big Lots change its name from Odd Lots to Big Lots?

• 1970
• 1980
• 1990
• 2000

What are Big Lots' primary offerings in its seasonal catalog?

• Holiday-themed products and decorations
• Exclusive high-end electronics
• Gardening and outdoor furniture
• Fashion accessories

What year was Big Lots founded?

• 1967
• 1975
• 1982
• 1990

Which of the following Big Lots product categories is seasonal?

• Holiday decorations
• Furniture
• Electronics
• Home cleaning products

Which of these is a Big Lots' primary value proposition?

• Offering low prices on home goods
• Offering luxury home decor at low prices
• Focusing on high-quality furniture
• Exclusive seasonal sales

Which of these marketing strategies is a core focus for Big Lots?

• Digital advertising
• High-budget TV commercials
• Magazine ads
• Influencer partnerships

What is a major part of Big Lots' growth plan?

• Expanding their product categories
• Consolidating their store locations
• Focusing on high-end customers
• Opening international stores

Big Lots also has which of these types of stores?

• Furniture stores
• Clothing stores
• Electronics stores
• Book stores

How has Big Lots responded to competition from Amazon and Walmart?

• By offering discount prices and unique products
• By offering more premium items
• By shifting entirely to e-commerce
• By offering exclusive delivery services