With the Covid-19 crisis US consumer has gone on-line, we know that from Amazon (AMZN) and Walmart’s (WMT) online segment and we see the same with Big Lots. With record unemployment also making consumers price conscioss the discount and closeout retailer $BIG guided earnings sending the stock soaring 32%
How the US Consumer Has Changed, Big Lots Earnings Beat And The Amazon Revolution
The US consumer has gone on-line, we know that from Amazon (AMZN) and Walmart’s (WMT) online segment but is there more to it? On Friday discount and closeout retailer Big Lots, Inc. (BIG) reported better than expected Q4 earnings.
The US Consumer Loves Deals, Ollie’s Bargain Outlet Follows Big Lots Earnings Beat
Ollie’s Bargain Outlet Holdings announced better than expected third quarter earnings Tuesday and a new CEO that sent the stock 12% higher. The US consumer is shopping on-line with $AMZN, $BBY and $WMT and discount and closeout retailers like $OLLI and Big Lots $BIG.