Big Lots In Canada NowZacks Investmentupdated Jul 20, 2011TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Big Lots Inc. (BIG) began its Canadian operations with 89 stores and 1000 committed associates as the company recently announced the completion of the Liquidation World Inc. acquisition. For its first overseas outpost, Big Lots paid $20 million in cash apart from acquiring certain liabilities and fulfilling the company’s debt obligations. The company acquired all outstanding shares of Liquidation World and gained all the assets and leasehold rights. Big Lots has been exploring numerous options for more than two years for entering the Canadian turf and is expecting the acquisition to be accretive to its top line in the coming years, while generating long-term growth prospects for the company. The company remains focused to enhance its store operations capacity, while escalating its manpower. Going with this strategy, Big Lots announced two executive level appointments for gratifying the hard work of its employees. Joe R. Cooper was appointed as the president of Big Lots Canada, while Timothy A. Johnson was promoted as the Senior Vice President of Finance as well as appointed to the company's Executive Committee. Based in Columbus, Ohio, Big Lots procures branded merchandise at lower costs from vendors, who have excess inventory and resort to a fire sale of their goods, or have higher sales returns or discontinued products. Further, the company’s closeout format provides it with an edge over traditional discount retailers as it offers merchandise assortments to customers at cheaper rates. However, Big Lots operates in a highly competitive discount retail business, which might result in loss of market share, fall in sales and operating margins. The competitors having larger number of stores, greater market presence, and financial resources will continue to weigh on the company’s results. Currently, we have a long-term ‘Neutral’ rating on the stock. Moreover, Big Lots, which competes with Target Corporation (TGT), holds a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating. BIG LOTS INC (BIG): Free Stock Analysis Report Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.