Case Study : Big Lots, Inc.

1. Political: “issues affecting our international vendors could materially adversely affect our business and financial performance.”(Page 8.)

There are many factors that appeal to leaders why organizational change is needed in today’s business to stay competitive. Weiss (2016) noted “Factors such as technology and globalization have made the world far more interconnected” (p. 4). These factors can create more risks and opportunities for organizations to succeed or fail. Change management is inevitable, in order to successfully bring an organization into the twenty-first century, leaders must recognize this, develop plans and successfully execute them to remain relevant in today’s economy. This paper will provide an overview of Discount Tire Co. and diagnose the strength, weaknesses, opportunities and threats and present a plan using Kotter’s eight-step change process and

Best Buy Co., Inc. is the largest electronics retailer in United States with international presence in Mexico, Canada and China. Best Buy Co., Inc. is headquartered in Richfield, Minnesota and currently operates more than one thousand brick & mortar stores. Founded in 1966 as “Sound of Music”, Best Buy Co., Inc. evolved from a small regional audio specialty store to a multinational consumer electronics retail chain within a short span of time. The company’s current name “Best Buy” was adopted in 1983 with an aim to emphasize a greater consumer electronics branding. Best Buy Co., Inc. went public in 1987 when it got listed on the New York Stock Exchange.

Wahoo Inc. is a C Corporation that filed for Chapter 11 bankruptcy protection in April 2015. Before filing bankruptcy, Wahoo has net operating loss (NOL) carryforwards of $65,000,000 in 2009, $45,000,000 in 2010, and $30,000,000 in 2011. The company worked out a re-organization plan and one of the note holders (a venture capital firm that financed the company) with a $105,000,000 note payable will receive new common stock and the old stocks will be cancelled. The Bankruptcy Court and the creditors’ committee have accepted the plan. The fair market value of Wahoo before the ownership change was $85,000,000. Wahoo’s selected assets from the balance sheet are as follows:

Upon information and belief, on or about January 27, 2014 Defendant Dillon Companies, Inc. d/b/a King Soopers, Inc. (hereinafter “King Soopers”) occupied the premises with regards to the King Soopers at located at 1575 W. 84th Ave., Federal Heights, CO 80260 (hereinafter “Premises”).

In 1970, the company became Consolidated International, Inc. and in 1982, the Founder, Sol Shenk, began a chain of retail stores with the big closeout deals and his stores became popular across the country and were opened under such names as Big Lots, Odd Lots, Mad Frugal’s Bargains, Closeouts and Pic ‘N’ Save (Big Lots, About Us (2018). The final name Big Lots, Inc. was established in May of 2001 and all stores operating under the various other names all became Big Lots as the results of a merger with Consolidated

In March 25, 2014 Sylvia Burwell was denied certain health benefits for contraception while working at Hobby Lobby Inc. Sylvia Burwell, The Secretary of Health, and Human Services (et. al petitioners) attempted to sue Hobby Lobby Stores et al (Conestoga Wood Specialties Corporation et al petitioners). The case was brought to the court by Justice Alito. Sylvia Burwell and her accomplices argued that in the circumstance whether the Religious Freedom Restoration Act (RFRA) permits the US Department of Health Services (HHS) to demand three closely held corporations to provide health insurance coverage for methods of contraception that violate the sincerely held religious beliefs of the company’s owners. The secretary of Health and Human Services

Kroger would like to be included in the ACD for Anchorage. Which is currently in their Kroger-TeamCo and Kroger – TeamCo STEP portfolio. A little background on the Kroger/TeamCo relationship: Kroger, recently submitted a full redemption request to TeamCo (TeamCo is a FoF and the majority of their business is with Kroger). As a result, TeamCo has started the liquidation process and will no longer exist as of January 2018. However, the anchorage position in the TeamCo portfolios have always been in Kroger’s name, so there will not be a need for a transfer of ownership or beneficial ownership. Kroger is still needs to figure out if they will redeem, maintain or add to the position. In the meantime, they would like to be included to

After Our first meeting with the client took place on April 28, 2017 at 3:00 pm at the Women's Business Center located at 1003 E Cooley Dr #109. We scheduled Our next meeting at the same location on May 26,2017. This gave us plenty of time to conduct research need to offer an alternative to Trader Joe’s.

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.

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

Target Corporation is an American retailing company that uses various retail formats that range from low-end to high-end items. It was founded in 1902 by George Draper Dayton. It is now the fourth largest retailer in the United States and operates almost 1600 stores in 47 states (Funding Universe, 2004). Target differentiate themselves by other competitors by offering consumers fashion products and grocery at affordable prices, that drags the customers into purchasing more. A typical Target store averages from 145,000 square ft by 126,000 square ft. (Funding Universe, 2004). The stores are spacious, with a display of a grid format, which concludes in consumers shopping for items that are put on long gondolas so less space would be wasted.

Ask just about anyone on the street what company boast a large red bulls-eye on its stores, and surely it would be difficult to find anyone who doesn’t immediately respond, “Target.” Target Corporation’s roots stem all the way back to 1902, and in the years since, the corporation has grown into a common household name. With 1,790 (2014) stores nationwide, Target is currently ranked as 4th largest retailer in the United States (Press). The corporation has achieved this status through hard work, brilliant ideas, and dedicated leadership. However this is just the brief on their success.

Big Lots is the nation 's largest closeout retailer, they sells everything from consumables, seasonal products and furniture to housewares, toys and gifts. The company operates over 1,300 closeout stores in 45 states. Big Lots differentiates itself from the dollar stores and large-scale discount retailers by offering a wide range of products and prices in their store. Big Lots acquires leftover, discontinued, and otherwise unwanted products from approximately 3,000 vendors located around the world.

Best Buy is the world’s largest consumer electronic retailer with over $40 billion in revenue, 1,300 stores and 150,000 employees at the end of 2008 with a US market share of 21% (1). Best Buy’s humble beginnings go back to 1966 in Saint Paul Minnesota where a small audio specialty store named The Sound of Music was opened. Over the course of the last 43 years the world of consumer electronics have changed tremendously, but the one thing that has been successful in the growth of the company is Best Buys approach to meeting the consumer’s needs.