June 16 Big Lots Inc, the nation's
largest closeout retailer whose shares have fallen 30 percent
from their high in March 2012, deserves a closer look from
investors now that the company has a new chief executive and is
taking initiatives to boost sales, Barron's said.
Sales of the company, whose 1,505 U.S. stores are mainly
located in strip malls, have been under pressure for the past
two years from the weak economy and higher gasoline prices, the
But the arrival of the new CEO, David Campisi, and his 30
years of merchandizing experience, should help turn the tide,
"Other management changes, and a series of strategic
initiatives aimed at boosting sales, could lead to improvements
by the end of the year," Barron's said. It added that shares
would still look inexpensive, compared with other discounters,
even if they were to rise 20 percent above last week's level.
Shares of the company ended trading at $32.86, down 0.8
percent, on Friday.