17146. BIG LOTS! STRATEGY. This paper provides a strategic analysis of Big Lots!, the number one closeout retailer. Following an overview of the company, its history, and its operations, a S.W.O.T. (strengths-weaknesses-opportunities-threats) analysis of Big Lots is presented. Strategic alternative for Big Lots are identified and assessed. The concluding section makes recommendations on strategy and consider the future prospects for the company. Keywords: discount closeout retail strategy. Written 2003. 12 pages; 51 footnotes; 24 bibliographic sources. 4,596 words.