Big Lots Store

What is the gross profit margin of Walmart?

• 40%

• 30%

• 24%

• 20%

What is the gross profit margin of Big Lots?

• 30%

• 20%

• 50%

• 40%

What is the main reason for Big Lots' high gross profit margin?

• Selling at high prices

• Buying inventory at low prices

• Spending a lot on advertising

• Having a large customer base

What type of items does Big Lots typically buy for low prices?

• Custom-made exclusive items

• High-quality luxury goods

• Outdated or unsold inventory

• New and trendy products

What was the original name of the first Big Lots location?

• It's a Deal

• All-4-One

• Odd Lots

• Big Lots

What was the name of the company that owned Big Lots and other stores?

• Consolidated Store Corporation

• Big Lots Corporation

• Mega Retail Corporation

• Discount Warehouse Corporation

What was the name of the toy store chain acquired by Big Lots in 1996?

• Playtime Emporium

• KB Toys

• Toys 'R' Us

• Toy Kingdom

What was the reason for the failure of KB Toys under Big Lots ownership?

• Lack of board games sales

• Over saturation of the toy market

• Low customer demand for toys

• High competition from other toy stores

What changes did Big Lots make to attract a higher income crowd?

• Reduced store size

• Focused on selling luxury items

• Increased prices

• Improved store appearance and customer service

What was the main focus of Big Lots' rebranding and turnaround in the year 2000?

• Acquiring more toy stores

• Focusing on customer service and store experience

• Expanding into international markets

• Improving online sales