Big Lots has named David Campisi as its new CEO and president. Campisi succeeds Steve Fishman, who announced in December 2012 his intention to retire upon the appointment of his successor.

Big Lots, North America's largest broadline closeout retailer, has launched its sixth annual Lots2Give program to benefit schools in need of financial support.

Kansas City-based advertising agency Barkley was hired by Big Lots to help the closeout retailer with a broad range of marketing and brand strategy initiatives.

The addition of 27 new stores wasn’t enough to prevent Big Lots from reporting a 1.9% sales decline during the quarter ended October 27.

The nation’s leading closeout retailer offered a bleak outlook for the remainder of the year following worse than expected second quarter results and announced the departure of its top merchant.

Big Lots is recognizing Armed Forces Day by offering a special discount for armed forces personnel and their families.

Big Lots has lowered its comparable-store guidance for its first quarter, and now expects them to be slightly negative compared with its prior guidance issued on March 2.

Big Lots’ fourth-quarter net income rose 4% to $114.7 million for the period ended Jan. 28, up from $110.1 million a year earlier. The chain also said it anticipates 90 new store openings in the United States in 2012.

Despite a comps dip during its second quarter, Big Lots performance was enough for the company to raise its fiscal 2011 guidance.

Big Lots has acquired 89 Liquidation World stores in Canada and becomes the latest U.S. retailer to pursue growth opportunities north of the border.

For the first time, Big Lots is expanding its retail operations outside of the United States with the announcement that it has agreed to purchase all of the outstanding stock of Liquidation World Inc., an Ontario based retailer which operates 92 closeout stores in Canada.

After opening 80 stores last year and with plans for another 90 units this year, Big Lot’s made several merchandising moves to facilitate its planned growth.