Big Lots Holds Liquidation Sales, Analyst Pegs Competitor As Major Beneficiary: 'Market Share Capture Opportunity'
Big Lots Holds Liquidation Sales, Analyst Pegs Competitor As Major Beneficiary: 'Market Share Capture Opportunity'
On Thursday, the Columbus, Ohio-based company said its sale to Nexus Capital fell through, noting it "continues to work toward completing an alternative going concern transaction with Nexus or another party." Furnishing and retailer Big Lots Inc.'s (OTC:BIGGQ) Chapter 11 bankruptcy filing in September and impending store closures could benefit a close competitor, a Wall Street analyst says.
家居零售商必樂透公司（場外交易:BIGGQ）在九月申請了第11章破產，其即將關閉的門店可能會使一家緊密的競爭對手受益，華爾街分析師表示。
What Happened: On Sept. 9, Big Lots filed for Chapter 11 and announced a subsequent sale of its assets to Nexus Capital Management LP. The company's stock was subsequently delisted from the New York Stock Exchange.
事件經過：在9月9日，必樂透申請了第11章並宣佈隨後將其資產出售給Nexus Capital Management LP。該公司的股票隨後從紐約證券交易所退市。
Its third-quarter financial report revealed a company struggling with declining sales, eroding margins and a continual bleeding of cash.
其第三季度財務報告顯示，該公司正面臨銷售下滑、利潤下降和持續現金流出的問題。
On Thursday, the Columbus, Ohio-based company said its sale to Nexus Capital fell through, noting it "continues to work toward completing an alternative going concern transaction with Nexus or another party."
週四，總部位於俄亥俄州哥倫布市的公司表示，其與Nexus Capital的交易失敗，並指出它"仍在努力完成與Nexus或其他方的替代持續經營交易。"
CEO and President Bruce Thorn announced a going-out-of-business sale.
首席執行官兼總裁布魯斯·索恩宣佈了清算銷售。
"We all have worked extremely hard and have taken every step to complete a going concern sale," Thorn said. "While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process."
"我們都非常努力，採取了一切步驟來完成持續經營銷售，"索恩說。"雖然我們仍然希望能夠完成替代持續經營交易，但爲了保護必樂透資產的價值，我們做出了開始GOb流程的艱難決定。"
The company will then presumably close its remaining 960 locations across Ohio, North Carolina, Texas, Florida and other states.
因此，該公司將預計關閉其在俄亥俄州、北卡羅來納州、德克薩斯州、佛羅里達州和其他州的960個剩餘門店。
A Competitor Benefits: JPMorgan analyst Matthew R. Boss reiterated an Overweight rating for competitor Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) following the Thursday announcement.
競爭對手獲益：摩根大通的分析師馬修·R·博斯在週四公告後，對競爭對手Ollie's Bargain Outlet Holdings Inc（納斯達克:OLLI）重申了超配評級。
Boss foresees around 840 Big Lots store closures before early January. The analyst says the bankruptcy could lead to a "7%-9% market share capture opportunity" for Ollie's due to its similar location exposure in the Midwest and on the East Coast.
老闆預見到在1月初之前將會關閉大約840家必樂透店。分析師表示，破產可能會爲Ollie's帶來"7%-9%的市場份額獲取機會"，因爲在中西部和東海岸的地理位置相似。
Boss notes that Ollie's gained 7% to 8% market share in its toys and entertainment department from Toys "R" Us following its bankruptcy in 2018. It also gained 9% market share from Bed Bath and Beyond's domestics department following its 2023 bankruptcy.
老闆指出，Ollie's在2018年玩具反斗城破產後，在玩具和娛樂部門獲得了7%到8%的市場份額。它還在2023年Bed Bath and Beyond的家居部門破產後獲得了9%的市場份額。
Ollie's Bargain stock has risen nearly 30% since the Big Lots bankruptcy news.
自從必樂透破產消息以來，Ollie's Bargain的股票已上漲近30%。
Also Read:
另請閱讀：
- Market Volatility Halts On Soft Inflation Data, Yet Traders Remain Wary Of Fighting The Fed: 10 ETFs Moving Friday
- 市場波動因溫和的通脹數據而暫停，但交易者對與聯儲局對抗仍保持謹慎：10個ETF在週五變動
Photo: Robert V. Schwemmer via Shutterstock
照片：Robert V. Schwemmer via Shutterstock
譯文內容由第三人軟體翻譯。