Latest news with #retailrevival
Daily Mail
02-06-2025
- Business
- Daily Mail
Big Lots to reopen 78 stores this week
Big Lots will reopen 78 stores this week as part of a wave of store revivals, months after it was saved from bankruptcy. The discount retailer secured a last-minute rescue deal in December with retail focused investment firm Gordon Brothers and Variety Wholesalers. Under the agreement, Gordon Brothers would purchase the retailer and then transfer between 200 and 400 Big Lots stores to Variety Wholesalers, which operates discount chains including Roses, Maxway and Bargain Town. The retailer's remaining locations saved by Variety Wholesalers will open across nine states this week. The states with the soon-to-be-opened stores are Florida , Georgia, Kentucky , North Carolina , Ohio , Pennsylvania , South Carolina, Tennessee, and Virginia. 'We are excited to reopen additional Big Lots stores this Thursday, June 5!,' Variety Wholesalers told 'We have been thrilled with customer response to the soft openings we've held so far and cannot wait to continue serving these 78 additional communities.' The company opened its first 141 locations between April and May. It will celebrate the new stores with 'exciting new deals' at a grand opening event this fall. 'This enthusiastic response reinforces our belief that taking Big Lots! back to the roots of what made it a huge success resonates with our customers. Proving great value will always be out core mission,' Variety Wholesalers CEO Lisa Seigies said. Big Lots had been struggling for over a decade before filing for bankruptcy protection last year . Shoppers first spotted the chain's 'closing' signs hanging at about 315 stores in multiple states this past summer. However, Big Lots was saved soon afterward when the chain reached a deal with Gordon Brothers to transfer assets to other companies . Other retailers that purchased Big Lots locations include Trader Joe's , Ollie's Bargain Outlet and Ocean State Job Lot. Variety Wholesale is exploring the possibility of purchasing more Big Lots locations. The company has not revealed if it intends to keep the Big Lots name in other potential stores. Various brands have not been able to retain their name after a sale. Hudson's Bay launched liquidation sales after planning to permanently shutter stores by June 15 . The company struck a deal to sell up to 28 stores to Canadian mall owner Weihong (Ruby) Liu, who plans to launch a new store concept and not keep the Hudson's Bay name. Some retailers like Joann Fabrics and Crafts , Forever21, and the Party City chain were unable to be saved, permanently closing all locations this year.
Daily Mail
02-06-2025
- Business
- Daily Mail
Big Lots to reopen 78 stores this week after securing last-minute deal… and promises 'exciting new deals'
Big Lots will reopen 78 stores this week as part of a wave of store revivals, months after it was saved from bankruptcy. The discount retailer secured a last-minute rescue deal in December with retail focused investment firm Gordon Brothers and Variety Wholesalers. Under the agreement, Gordon Brothers would purchase the retailer and then transfer between 200 and 400 Big Lots stores to Variety Wholesalers, which operates discount chains including Roses, Maxway and Bargain Town. The retailer's remaining locations saved by Variety Wholesalers will open across nine states this week. The states with the soon-to-be-opened stores are Florida, Georgia, Kentucky, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia. 'We are excited to reopen additional Big Lots stores this Thursday, June 5!,' Variety Wholesalers told 'We have been thrilled with customer response to the soft openings we've held so far and cannot wait to continue serving these 78 additional communities.' The company opened its first 141 locations between April and May. It will celebrate the new stores with 'exciting new deals' at a grand opening event this fall. 'This enthusiastic response reinforces our belief that taking Big Lots! back to the roots of what made it a huge success resonates with our customers. Proving great value will always be out core mission,' Variety Wholesalers CEO Lisa Seigies said. Big Lots had been struggling for over a decade before filing for bankruptcy protection last year. Shoppers first spotted the chain's 'closing' signs hanging at about 315 stores in multiple states this past summer. While the chain later trimmed its store closures to 292, they confirmed the number rose to 500 that fall. All stores offered massive liquidation sales, but it wasn't enough for the company to survive its financial woes. The chain closed around 555 locations by November and announced its plan to go out of business a month later. However, Big Lots was saved soon afterward when the chain reached a deal with Gordon Brothers to transfer assets to other companies. Other retailers that purchased Big Lots locations include Trader Joe's, Ollie's Bargain Outlet and Ocean State Job Lot. Big Lots will be throwing a grand opening celebration this fall featuring 'exciting new deals' Variety Wholesale is exploring the possibility of purchasing more Big Lots locations. The company has not revealed if it intends to keep the Big Lots name in other potential stores. Various brands have not been able to retain their name after a sale. Hudson's Bay launched liquidation sales after planning to permanently shutter stores by June 15. The company struck a deal to sell up to 28 stores to Canadian mall owner Weihong (Ruby) Liu, who plans to launch a new store concept and not keep the Hudson's Bay name. Some retailers like Joann Fabrics and Crafts, Forever21, and the Party City chain were unable to be saved, permanently closing all locations this year. Upcoming store openings Florida 6247 Highway 90, Milton, FL 32570 2384 Commercial Way, Spring Hill, FL 34606 3401 13th St Ste 100, St. Cloud, FL 34769 843 W Bloomingdale Ave, Brandon, FL 33511 3048 E College Ave, Ruskin, FL 33570 13970 N Cleveland Ave, North Ft. Myers, FL 33903 4901 Palm Beach Blvd Ste 230, Fort Myers, FL 33905 Georgia 127 Commerce Ave, LaGrange, GA 30241 3111 Highway 278 NW, Covington, GA 30014 13 Lester Rd Ste C, Statesboro, GA 30458 Kentucky 3000 Scottsville Rd, Bowling Green, KY 42104 North Carolina 125 Weaver Blvd, Weaverville, NC 28787 273 Franklin Plaza Dr, Franklin, NC 28734 1176 Russ Ave, Waynesville, NC 28786 1639 US Highway 74A Byp, Spindale, NC 28160 1450 Andrews Rd, Murphy, NC 28906 1251 Burkemont Ave, Morganton, NC 28655 711 E Innes St, Salisbury, NC 28144 280 Concord Pkwy N, Concord, NC 28027 720 NC 24 27 Byp E, Albemarle, NC 28001 950 S Cannon Blvd Ste A, Kannapolis, NC 28083 1677 Westchester Dr, High Point, NC 27262 2531 Eastchester Dr, High Point, NC 27265 630 Lakestone Commons Ave, Fuquay Varina, NC 27526 2950 S Horner Blvd, Sanford, NC 27332 1371 N Sandhills Blvd, Aberdeen, NC 28315 1664 S Main St Ste B, Laurinburg, NC 28352 520 Berne Sq, New Bern, NC 28562 2750C N Roberts Ave, Lumberton, NC 28358 1110 Western Blvd, Jacksonville, NC 28540 2900 Arendell St Ste 19, Morehead City, NC 28557 6832 F Market St, Wilmington, NC 28405 4600 Main St Ste 1, Shallotte, NC 28470 Ohio 8489 Market St, Mentor, OH 44060 12588 Rockside Rd, Cleveland, OH 44125 1890 W Market St, Akron, OH 44313 405 Howe Ave, Cuyahoga Falls, OH 44221 241 W Wooster Rd, Barberton, OH 44203 426 East Waterloo Rd, Akron, OH 44319 1336 Whipple Ave NW, Canton, OH 44708 10560 Harrison Ave, Harrison, OH 45030 3640 Werk Rd, Cincinnati, OH 45248 110 S 7th St, Marietta, OH 45750 9025 Ohio River Rd, Wheelersburg, OH 45694 400 Silver Bridge Plz, Gallipolis, OH 45631 367 County Rd 406 Ste B, South Point, OH 45680 Pennsylvania 750 Ohio River Blvd, Rochester, PA 15074 4717 McKnight Rd, Pittsburgh, PA 15237 2444 Philadelphia St, Indiana, PA 15701 11628 Penn Hills Dr, Pittsburgh, PA 15235 254 Oak Spring Rd, Washington, PA 15301 6041 State Route 30 Ste 20, Greensburg, PA 15601 1425 Scalp Ave Ste 130, Johnstown, PA 15904 389 N Reading Rd, Ephrata, PA 17522 500 Lincoln Hwy Ste 4, Fairless Hills, PA 19030 2140 White St, York, PA 17404 1150 Carlisle St, Hanover, PA 17331 South Carolina 1206 Highway 9 Bypass W, Lancaster, SC 29720 9221 Two Notch Rd Ste 30, Columbia, SC 29223 6169 St. Andrews Rd, Columbia, SC 29212 1641 Church St, Conway, SC 29526 710 Hwy 17 S Ste D, North Myrtle Beach, SC 29582 1370 S Kings Hwy, Myrtle Beach, SC 29577 1013 Old Highway 52, Moncks Corner, SC 29461 431 Saint James Ave Unit G, Goose Creek, SC 29445 10150 Dorchester Rd Unit 227, Summerville, SC 29485 328 Robert Smalls Pkwy, Beaufort, SC 29906 Tennessee 633 S Jefferson Ave, Cookeville, TN 38501 1301 S James Campbell Blvd, Columbia, TN 38401 1913 Sherwood Rd, Kingsport, TN 37664 3901 Hixson Pike Ste 157, Chattanooga, TN 37415 1426 N Gateway Ave, Rockwood, TN 37854 Virginia 180 Kents Ridge Rd, Richlands, VA 24641 1090 Bypass Rd, Vinton, VA 24179 6610 Mooretown Rd, Williamsburg, VA 23188 2318 W Mercury Blvd, Hampton, VA 23666 1851 E Little Creek Rd, Norfolk, VA 23518 1971 S Military Hwy, Chesapeake, VA 23320
