Big Lots : A Company Profile

Big Lots, INC. is currently a discount retailer in the US. Though, the company is not international, they are however, impacted by international political risks. Some of these risks include: loss of most favored nation trading status, political unrest, war, trade restrictions, more restrictive quotas, political instability, and increased import duties. Due to the fact that 24% of their merchandise is purchased from overseas vendors and a significant amount of the merchandise purchased domestically is manufactured abroad, their company can be greatly impacted. This could potentially affect their business and financial performance.

Question 1: What were the rights of Walmart, the employer, during these two organizing drives?

Best Buy Co., Inc. is a multinational company in the United States and it deals, with consumer electronics, and accounts 19% of the business. The company also operates in Mexico, Puerto Rico, China, and Canada. Some of the subsidiaries of the company include CinemaNow, Geek Squad, Pacific Sales, and Magnolia Audio Video and operates in both Future Shop label, and Best Buy in Canada. Best Buy Co. Inc and its subsidiaries operate more than 1,150 stores internationally and domestically. The company also operates more than 100 “ZoomShops” or Buy Express Automated retail Stores, operated by the Zoom Systems, in both malls and airports in the entire country of the U.S. The company is headquartered in Richfield, Minnesota, U.S (Scott,

1. The grocery industry is a commoditized industry, which makes it difficult for grocers to sustain through differentiation. Buyer power is high and thus, cost leadership and operational efficiencies are critical. There is fierce competition amongst various grocery stores, with the main players such as Loblaw and A&P holding multi-banner stores in various market segments. Traditional grocery stores also lose some of their market share to drug stores, convenience stores and other retailers who have entered the industry. Threat of substitutes from fast-food and take- away outlets is not as prevalent, since many grocery stores have started stocking ready-to-eat meals and have deli services available for consumers. Competitive

Home Depot is the fastest growing retailer in the U.S. by some accounts. It has a fascinating history of innovation and entrepreneurship. The company had some difficulties in the mid-2000s that some attribute to cultural clashes. However, during this period the company was able to take full advantage of the housing boom. Yet when the bubble burst, Home Depot was forced to claim substantial losses. Despite these loses Home Depot has weathered the storm fairly well and is in prime position to take advantage of an economic recovery; if it ever comes.

Big Lots, Inc. has not always been known as the company we know today. The original company was founded by Sol Shenk in 1967, who was an entrepreneur that had an interest in major bargains and closeouts deals. In the beginning, Sol Shenk’s business consisted of making closeout deals mainly with automobiles and automobiles parts (Big Lots , About Us (2018).

The Headquarters of Best Buys is found in Richfield Minnesota. It is a large company with approximately 155,000 employees and 1,100 stores in the United States alone. It also has about 2,800 stores in other countries outside the Unite States. These countries include: Canada, Mexico, China and Turkey. To add on to this, it has a number of subsidiaries namely the Geek Squad, Pacific Sales, Future Shop and Magnolia Audio Videos. Its mission is making life fun and easy by making technology solve customer needs and helping the same customers to appreciate the benefits of technology. It also aims attaining sustainable growth and earnings through constantly changing its business model to suit the needs of the customers (Lal, 2006). It also strives to sell quality products along with maintaining a high level of employee training program in order for them to have extensive product knowledge.

I hope you invest in Big Lots because of their financial health and commitment to providing the customers with affordable products. Over the last three years it’s profits has increased by $17,578,000. With a great staff and loyal customers Big Lots will keep growing. This is a great opportunity to go BIG.

For a few months, I turned in about 40 job applications. Retail, fast food, restaurants, etc. About three interviews in, I realized, that I was interviewing very poorly. I got advice from family and practiced a couple times. I had my fourth interview and it was a success. I got the job! Getting

Expect a simple phone interview before the ruling on your application is delivered. The phone interview consists of simple questions about your previous job, along with follow-up questions about your application.

Would you like it if your neighborhood slowly fell into ruin? Walmart and other big box stores destroy neighborhoods and should be banned. First of all, big box stores are bad for local business owners. Specialty stores lose customers, because of the convenience and a wide selection of products, people tend to shop there instead. For example, many butcher shops shut down, because Walmart has its own meat Section. In addition, having a big box store built in your area can change your daily life. They bring in more traffic and noise, clogging up the roads you usually take, and exchanging the chirping of birds for honking car horns. Dan Freeman, lives on Bleaker Street, had a store built in the area recently and he says, "its changed so much".

Originating as a single Hi-Fi Stereo retail store, financed by personal saving and a second mortgage on a family home, in Midwest America, Mega Buy found early success. By 1967, only one year after opening its doors, Mega Buy began the acquisition of local competitors as it sought to increase its share of a growing industry. That year the company exceeded $1 million in total sales and over $58,000 in profits. By 1969 the operation consisted of three separate stores. That same year the company became publically held on the NASDAQ exchange. Originally named, The Music Place, the company adopted the new name, when in 1981, with a total of nine stores, a tornado ripped the roof off of the largest and most profitable store. Incredibly the vast majority

Big Lots, Inc. is an Ohio based corporation and its’ main office is located at 300 Phillipi Road, Columbus, Ohio 43228. There are currently 1,432 Big Lots stores in operation in the United States that are located in 47 individual states. According to 10K report, thirty-three percent of Big Lot’s, Inc. business is conducted within California, Texas, Ohio and Florida. As of July 2011, Big Lots, Inc. has a business in Canada referred to as Big Lots Canada, Inc. (Form 10-K,

Best Buy Inc. has built a reputation as a ground-breaking retail giant. It is known as one of the first “big box” stores in

The stores are open seven days a week and extended hours during the holiday season.