Big Lots Chapter 11 Could Mean Growth Opportunity For Ollie's Bargain Outlet, Analyst Says
Portfolio Pulse from Michael Juliano
Big Lots' Chapter 11 bankruptcy filing presents a growth opportunity for Ollie's Bargain Outlet. Big Lots plans to sell its assets and close some stores, which could allow Ollie's to expand its store count and market share. Analyst Matthew Boss suggests Ollie's could benefit from Big Lots' store closures, potentially increasing its store count by 13.5% in the coming years.
September 09, 2024 | 10:50 pm
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NEGATIVE IMPACT
Big Lots has filed for Chapter 11 bankruptcy, planning to sell its assets and close some stores. This has led to a significant drop in its stock price.
Big Lots' bankruptcy filing and asset sale plans are critical events that directly impact its financial stability and stock price, leading to a significant drop in value.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Ollie's Bargain Outlet is seen as a potential beneficiary of Big Lots' bankruptcy, with opportunities to expand its store count and market share.
Ollie's proximity to Big Lots stores and the opportunity to take over closed locations could lead to significant growth in store count and market share, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100