Latest news with #RhodeIsland-based
USA Today
a day ago
- Business
- USA Today
Big Lots set to reopen more than 70 stores this week: See list
Big Lots set to reopen more than 70 stores this week: See list Show Caption Hide Caption Big Lots stores set to reopen in six states A number of Big Lots stores are set to reopen on April 10 despite the company filing for bankruptcy and closing multiple locations last year. unbranded - Newsworthy It's about to be a big week for Big Lots' comeback. Big Lots is set to open more than 70 stores across the United States on Thursday, June 5, only weeks after Big Lots opened dozens of stores on May 15. The openings come months after Big Lots announced its sale to Gordon Brothers Retail Partners. As part of the deal, Variety Wholesalers acquired 219 Big Lots stores, as well as two distribution centers. "We're thrilled to bring the Big Lots! brand back to life by offering more deals than ever, lots of famous brands and a new apparel department for the entire family," Variety Wholesalers CEO Lisa Seigies said in an April 4 news release. Which Big Lots stores are reopening? Big Lots openings on June 5 are set to take place in nine states: Florida, Georgia, Kentucky, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia. Other retailers taking over Big Lots locations Other retailers besides Variety Wholesalers have announced the purchase of Big Lots locations. Rhode Island-based Ocean State Job Lot announced in March that it would be buying 15 Big Lots locations in New Jersey, Maryland, Delaware, Pennsylvania, New York, Massachusetts, Maine and Vermont. In February, Ollie's Bargain Outlet said it would be buying 40 former Big Lots store locations. Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_.
Yahoo
a day ago
- Business
- Yahoo
Big Lots set to reopen more than 70 stores this week: See list
It's about to be a big week for Big Lots' comeback. Big Lots is set to open more than 70 stores across the United States on Thursday, June 5, only weeks after Big Lots opened dozens of stores on May 15. The openings come months after Big Lots announced its sale to Gordon Brothers Retail Partners. As part of the deal, Variety Wholesalers acquired 219 Big Lots stores, as well as two distribution centers. "We're thrilled to bring the Big Lots! brand back to life by offering more deals than ever, lots of famous brands and a new apparel department for the entire family," Variety Wholesalers CEO Lisa Seigies said in an April 4 news release. Big Lots openings on June 5 are set to take place in nine states: Florida, Georgia, Kentucky, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia. Other retailers besides Variety Wholesalers have announced the purchase of Big Lots locations. Rhode Island-based Ocean State Job Lot announced in March that it would be buying 15 Big Lots locations in New Jersey, Maryland, Delaware, Pennsylvania, New York, Massachusetts, Maine and Vermont. In February, Ollie's Bargain Outlet said it would be buying 40 former Big Lots store locations. Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_. This article originally appeared on USA TODAY: Big Store reopening stores on June 5: See where Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
CVS is closing 270 pharmacies in 2025. Are any in Wisconsin?
CVS plans to close 270 stores in 2025, joining other pharmacy chains and big box retailers in the U.S who have initiated mass closures in recent months. The Woonsocket, Rhode Island-based company announced the closures in a mid-October press release, CVS Director of External Communications Amy Thibault told the Milwaukee Journal Sentinel. The chain closed 900 stores between 2022 and 2024, after announcing it would reduce its "store density" in November 2021, according to a statement. It currently operates more than 9,000 stores across the U.S. Despite the closures, "85% of people in the U.S. will still live within 10 miles" of a CVS location, according to a CVS statement. The chain also said it has plans to open nearly 30 stores this year. In Wisconsin, three locations closed earlier in 2025, according to Thibault. They were located at: Beloit: 1063 4th St. Milwaukee: 3030 W. Villard Ave. West Allis: 9220 W. Greenfield So, are any other Wisconsin CVS pharmacies planning to shutter this year? Here's what to know: There are not any other planned closures in Wisconsin for 2025, Thibault confirmed. More: Walgreens is closing 500 pharmacies in 2025. Are any in Wisconsin? CVS operates in 48 Wisconsin cities, according to its website. You can find the pharmacy closest to you by using its store locator. This article originally appeared on Milwaukee Journal Sentinel: CVS store closures: Are Wisconsin locations closing?
Yahoo
5 days ago
- Business
- Yahoo
CVS Pharmacy files suit against Arkansas over new law preventing PBM ownership of pharmacies
Video: Arkansas bill would prevent Pharmacy Benefit Managers from owning pharmacies LITTLE ROCK, Ark. – A lawsuit filed by a national pharmacy chain and its subsidiaries in the Little Rock federal court on Thursday seeks to overturn a new Arkansas law. The suit filed by CVS Pharmacy alleges that Act 624 of 2025 violates the Constitution and federal law and asks the court to prevent the law from taking effect. The act was passed during the most recent legislative session to prevent pharmacy benefit managers from owning pharmacies in the state and will take effect on January 1, 2026. National pharmacy company sues Arkansas over law eliminating PBM pharmacy ownership Rhode Island-based CVS operates as a pharmacy benefit management company and also has pharmacies in Arkansas. Pharmacy benefits managers act as intermediaries between pharmaceutical companies and insurance companies to set rates, including the compensation amounts paid to pharmacies. CVS states in the lawsuit that the act would force it to close its 23 Arkansas pharmacies, leaving people without jobs and patients without access to a pharmacy. The suit continues that the act violates the Constitution's Commerce Clause and Equal Protection Clause by discriminating against non-Arkansas-owned pharmacies. It also claims the act violates the Employee Retirement Income Security Act and the Medicare Modernization Act by interfering with health benefits. Arkansas Gov. Sarah Huckabee Sanders signs bill blocking PBM ownership of pharmacies into law A CVS spokesperson said the act's interference with its business led to the lawsuit. 'With Act 624 signed into law, the Arkansas legislature and governor are forcing 23 community pharmacies to close by January 1, 2026, including some of the very few that are open 24 hours; fire more than 500 local health care workers; erode access to specialized pharmacy care for the 10,000 Arkansas patients with serious conditions who rely on additional support; and increase the cost of Arkansas health benefits by millions of dollars each year,' the spokesperson said. The spokesperson continued that the 23 CVS pharmacies in the state remain open 'and will continue to operate for the immediate future.' Attorney General Tim Griffin said that PBMs hinder health care access and quality. 'Pharmacy benefit managers wield outsized power to reap massive profits at the expense of consumers,' Griffin said. 'The rise of PBMs as middlemen in the prescription drug market has resulted in patients facing fewer choices, lower quality care, and higher prices.' Griffin added that PBMs 'leverage their affiliated pharmacies to manipulate prices, corrupt the market, and destroy competition. Through Act 624, Arkansas is standing up to PBMs on behalf of consumers, and I will vigorously defend our law.' CVS shares statement after Arkansas bill restricting PBMs from owning pharmacies is signed into law A similar lawsuit was filed earlier on Thursday by national provider Express Scripts against Act 624 on similar, but not identical, grounds. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Journals
5 days ago
- Business
- Business Journals
Maritime insurance lawyer Bob Falvey to retire
Robert E. Falvey, general counsel at Falvey Insurance, is retiring after 26 years at the Rhode Island-based maritime cargo underwriter.
