SSI - Big Lots: Switching To Hold After Run
Most retailers haven't had anything good to say about Q1 or Q2, except for the sliver of essential business retailers. That would include grocers, pharmacies, discount variety, dollar stores, and select big box retailers. Even though Big Lots' (BIG) food sales actually only account for about 14-15% of total sales, the retailer was allowed to keep its stores open, unlike many others. Since my last write-up, multiple competitors to Big Lots have actually filed for bankruptcy; that includes Pier 1 Imports (PIRRQ), Tuesday Morning (TUES), Stage Stores (SSI), and others. Kirkland's (KIRK) could also be