Nearly 80 more Big Lots stores to reopen in June: Here's where
(NEXSTAR) — It's been five months since Big Lots announced it was preparing to close all of its stores, after closing hundreds of others following its bankruptcy filing. Since then, more than 100 Big Lots stores have reopened under new management.
Next month, nearly 80 more Big Lots stores will open, Variety Wholesalers confirmed to Nexstar on Monday. (The company acquired hundreds of Big Lots stores, which are retaining their original branding as part of a deal reached by Gordon Brothers Retail Partners.)
This comes after nine stores reopened in April, and two reopening waves in May, totaling dozens of stores each. The fourth wave of store reopenings, scheduled for Thursday, June 4, will expand Big Lots' footprint in nine states:
Florida
Georgia
Kentucky
North Carolina
Ohio
Pennsylvania
South Carolina
Tennessee
Virginia
More details about these stores, including operating hours, can be found on the Big Lots website after they reopen on June 5. Variety Wholesalers said grand opening celebrations for these stores are planned for the fall.
With this fourth wave of stores, the Big Lots footprint will reach 220 stores, just a small portion of the more than 1,300 locations that were open around this time last year.
Big Lots began in 1967, but it wasn't until 2001 that all of its stores operated under that name. Speculation that the retailer could file for bankruptcy began bubbling up last summer after it warned in a U.S. Securities & Exchange Commission (SEC) filing that between 35 and 40 locations could shutter. Weeks later, that estimation jumped to more than 300.
Company leaders had pointed to inflation and difficulties in competing. Then, in September, Big Lots filed for Chapter 11 bankruptcy protection. In the months to follow, hundreds of stores would shutter. A last-minute sale in January, however, has allowed hundreds of stores to remain open.
The sale agreement, reached with Gordon Brothers Retail Partners, stipulated that Variety Wholesalers would acquire between 200 and 400 former Big Lots stores and reopen them, maintaining the branding. It's unclear whether any additional store openings are on the horizon.
Several former Big Lots storefronts that are not reopening have found a new life. Other retailers, like Ocean State Job Lot and Ollie's Bargain Market, have announced plans to take over those locations. Meanwhile, in Denver, a pickleball facility intends to open in a former Big Lots before the end of the year.
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