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Being too dependent on furniture and home furnishings also became an inventory problem for big lots. To further complicate matters many landlords view big lots as a tier or tier retailer which hindered its ability to secure prime locations jagger said. One of big lots biggest challenges is to improve their real estate strategy he said. Most landlords looked at ross tjx burlington and many other retailers of the same ilk as more desirable.

For big lots to start having premier real estate and catch new zealand cell phone number list consumers attention they need to have prime real estate as its no. Driver as opposed to getting cheap real estate. Is ecommerce a panacea? Despite the rising importance of ecommerce jaggi said a strong online presence may not be the panacea for big lots moving forward. Having a strong powerful ecommerce platform isnt necessarily a guarantee for success in the region in which big lots plays he said.

Having a strong ecommerce distribution and direct consumer channel isnt going to gain them more customers. Ross tjx and costco for example do not have large ecommerce platforms. Theyve been very successful by having a very clear and defined strategy for what theyre offering the consumers on a day-to-day basis. Its easy to understand what youre going to do and what youre going to buy when you go to a walmart or ross or a tjx.