Big Lots Holds Liquidation Sales, Analyst Pegs Competitor As Major Beneficiary: 'Market Share Capture Opportunity'
Big Lots Holds Liquidation Sales, Analyst Pegs Competitor As Major Beneficiary: 'Market Share Capture Opportunity'
On Thursday, the Columbus, Ohio-based company said its sale to Nexus Capital fell through, noting it "continues to work toward completing an alternative going concern transaction with Nexus or another party." Furnishing and retailer Big Lots Inc.'s (OTC:BIGGQ) Chapter 11 bankruptcy filing in September and impending store closures could benefit a close competitor, a Wall Street analyst says.
家居零售商必乐透公司（场外交易:BIGGQ）在九月申请了第11章破产，其即将关闭的门店可能会使一家紧密的竞争对手受益，华尔街分析师表示。
What Happened: On Sept. 9, Big Lots filed for Chapter 11 and announced a subsequent sale of its assets to Nexus Capital Management LP. The company's stock was subsequently delisted from the New York Stock Exchange.
事件经过：在9月9日，必乐透申请了第11章并宣布随后将其资产出售给Nexus Capital Management LP。该公司的股票随后从纽约证券交易所退市。
Its third-quarter financial report revealed a company struggling with declining sales, eroding margins and a continual bleeding of cash.
其第三季度财务报告显示，该公司正面临销售下滑、利润下降和持续现金流出的问题。
On Thursday, the Columbus, Ohio-based company said its sale to Nexus Capital fell through, noting it "continues to work toward completing an alternative going concern transaction with Nexus or another party."
周四，总部位于俄亥俄州哥伦布市的公司表示，其与Nexus Capital的交易失败，并指出它"仍在努力完成与Nexus或其他方的替代持续经营交易。"
CEO and President Bruce Thorn announced a going-out-of-business sale.
首席执行官兼总裁布鲁斯·索恩宣布了清算销售。
"We all have worked extremely hard and have taken every step to complete a going concern sale," Thorn said. "While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process."
"我们都非常努力，采取了一切步骤来完成持续经营销售，"索恩说。"虽然我们仍然希望能够完成替代持续经营交易，但为了保护必乐透资产的价值，我们做出了开始GOb流程的艰难决定。"
The company will then presumably close its remaining 960 locations across Ohio, North Carolina, Texas, Florida and other states.
因此，该公司将预计关闭其在俄亥俄州、北卡罗来纳州、德克萨斯州、佛罗里达州和其他州的960个剩余门店。
A Competitor Benefits: JPMorgan analyst Matthew R. Boss reiterated an Overweight rating for competitor Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) following the Thursday announcement.
竞争对手获益：摩根大通的分析师马修·R·博斯在周四公告后，对竞争对手Ollie's Bargain Outlet Holdings Inc（纳斯达克:OLLI）重申了超配评级。
Boss foresees around 840 Big Lots store closures before early January. The analyst says the bankruptcy could lead to a "7%-9% market share capture opportunity" for Ollie's due to its similar location exposure in the Midwest and on the East Coast.
老板预见到在1月初之前将会关闭大约840家必乐透店。分析师表示，破产可能会为Ollie's带来"7%-9%的市场份额获取机会"，因为在中西部和东海岸的地理位置相似。
Boss notes that Ollie's gained 7% to 8% market share in its toys and entertainment department from Toys "R" Us following its bankruptcy in 2018. It also gained 9% market share from Bed Bath and Beyond's domestics department following its 2023 bankruptcy.
老板指出，Ollie's在2018年玩具反斗城破产后，在玩具和娱乐部门获得了7%到8%的市场份额。它还在2023年Bed Bath and Beyond的家居部门破产后获得了9%的市场份额。
Ollie's Bargain stock has risen nearly 30% since the Big Lots bankruptcy news.
自从必乐透破产消息以来，Ollie's Bargain的股票已上涨近30%。
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Photo: Robert V. Schwemmer via Shutterstock
照片：Robert V. Schwemmer via Shutterstock
