Strategic partnerships Big Lots, Inc. has engaged in strategic partnerships with companies like Heart and Hilltop Holdings, indicating a willingness to collaborate for mutual benefit. Exploring similar partnerships with complementary businesses could open up new sales channels and opportunities.

Acquisitions & expansions Through recent acquisitions like Hearthsong and selling assets to Elevateyourparking, Big Lots has shown a proactive approach to expanding its offerings and presence. Identifying potential acquisition targets or expanding product lines could drive sales growth for the company.

Innovative marketing campaigns Big Lots launched the 'Bargains to Brag About' ad campaign emphasizing value for customers. Embracing innovative marketing strategies and promotions can attract new customers and drive sales, showcasing the company's commitment to delivering value.

Digital transformation With an ecommerce platform and advanced technology stack including Snowflake and AWS, Big Lots is well-positioned for digital success. Leveraging technology for personalized marketing, e-commerce enhancements, and customer engagement can drive online sales and enhance customer experience.

Competitive positioning Among similar companies like Family Dollar and Dollar General, Big Lots stands out with a unique value proposition and market positioning. Analyzing competitor strategies, differentiating offerings, and focusing on customer needs can drive sales growth and market share for Big Lots.