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Yahoo
20-03-2025
- Business
- Yahoo
Ocean State Job Lot sets opening plans for first Ocean County store
BARNEGAT -- Ocean State Job Lot, in the midst of acquiring more than a dozen Big Lots stores in eight states, will open its new, and first, Ocean County location by midsummer, the company said Thursday. In New Jersey, Ocean State Job Lot, a discount retailer, is in the process of buying the former Big Lots store on Route 9 in Barnegat as well as locations in Somers Point and Cape May. Big Lots was the anchor tenant at Barnegat's Bayshore Plaza, leasing a 29,797-square-foot storefront there. The 12 other former Best Lot locations are in Maryland, Delaware, Pennsylvania, New York, Massachusetts, Vermont and Maine. 'This is an exciting chapter for us,' said Marc Perlman, Ocean State Job Lot's principal owner and CEO, in a statement. 'Expanding into new markets has long been part of our strategic plan, but like everything else we do, it needs to be done with value in mind. What's Going There? First Hobby Lobby coming to Ocean County, replacing this Christmas Tree Shops store "We look forward to introducing our unique brand, friendly service and extraordinary savings to customers in each of these new communities.' Ocean State Job Lot sells name brand and close-out merchandise at discount prices. The changing variety of items include household goods, apparel, pet supplies, seasonal products, kitchen pantry staples and gourmet and specialty food items. The retailer has a history of taking over storefronts vacated by troubled retailers. In Monmouth County, Ocean State Job Lot's store in Freehold Township is a former Toys R Us location. In Holmdel, it's now in a store formerly occupied by Stein Mart. Big Lots filed for bankruptcy protection last September and was ultimately sold to Gordon Brothers, the asset manager, which ran going-out-of-business sales. The company also has been transferring leases to other retailers interested in opening stores, which besides Ocean State Job Lot includes Ollie's Bargain Outlet. David P. Willis, an award-winning business writer, has covered business, retail, real estate and consumer news at the Asbury Park Press for 27 years. He writes What's Going There column and can be reached at dwillis@ Please sign up for his weekly newsletter and join his What's Going There page on Facebook for updates. This article originally appeared on Asbury Park Press: Ocean State Job Lot will open Barnegat store by summer 2025
Yahoo
20-03-2025
- Business
- Yahoo
Ocean State Job Lot acquires 15 former Big Lots locations
NORTH KINGSTOWN, R.I. (WPRI) — Ocean State Job Lot announced Wednesday it is acquiring 15 former Big Lots stores in eight different states. The Rhode Island-based discount chain already has 159 locations in the Northeast, and the expansion will add two new states to its presence: Delaware and Maryland. Job Lot said it plans to open 22 new stores this year, including the 15 Big Lots locations. 'Expanding into new markets has long been part of our strategic plan, but like everything else we do, it needs to be done with value in mind,' principal owner and CEO Marc Perlman said in a press release. 'We look forward to introducing our unique brand, friendly service, and extraordinary savings to customers in each of these new communities.' The company, which is headquartered in North Kingstown, also said it will be hiring for up to 70 positions at each new store. Current Big Lots employees will be offered jobs. The new stores are expected to open by mid-summer 2025. Ocean State Job Lot has previously transformed former Christmas Tree Shops and Toys 'R' Us stores into new locations. Big Lots, another discount chain, filed for bankruptcy last September and began closing all of its stores. The company later reached a deal with Gordon Brothers Retail Partners to keep many of the locations open and transfer them to other retailers. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
