Big Lots Announces Reopening of 132 Stores in May
Big Lots, the discount retail chain that filed for bankruptcy last September, is set to revive 132 store locations across the United States in May. The Ohio-based retailer, once facing liquidation, made a significant turnaround after being acquired by Gordon Brothers Retail Partners, a firm specializing in asset advisory based in Boston. The agreement paved the way for an expansive recovery plan, enabling the continued operation of selected stores under the Big Lots brand by Variety Wholesalers, an established discount retailer.
Strategic Expansion Following Bankruptcy
In December, amid the ongoing struggles to maintain its brand, Big Lots managed to finalize a deal that allowed it to keep a substantial number of its stores in operation. From the original 869 locations, around 200 to 400 storefronts were taken over by Variety Wholesalers, which aims to enhance customer access to affordable everyday items for the home, kitchen, and pantry. This month’s reopening is an expansion following an earlier revival of nine stores in April across several states including Kentucky, Louisiana, and Virginia.
Lisa Seigies, CEO of Variety Wholesalers, expressed enthusiasm about bringing back the additional locations. “The customer response to the newly expanded assortment of fresh inventory and great deals has been overwhelmingly positive,” she noted.
Planned Reopenings Across Multiple States
The reopening of Big Lots locations will occur in two phases throughout May, spanning across 14 states. North Carolina, Ohio, and Pennsylvania stand out as the states with the highest number of stores set to reopen, a strategic move designed to cater to a diverse customer base, including urban and rural communities.
Store Reopenings by State
| State | Cities |
|---|---|
| Alabama | Athens, Decatur, Dothan, Guntersville, Jasper, Mobile, Northport |
| Florida | Crystal River, Jacksonville, Marianna, Ormond Beach, Panama City |
| North Carolina | Belmont, Burlington, Clemmons, Dunn, Elizabeth City, Fayetteville, Greensboro |
| Ohio | Columbus, Toledo, Warren, Elyria, Grove City |
| Pennsylvania | Bloomsburg, Camp Hill, Dunmore, Erie, Franklin |
The Retail Landscape
The move comes at a time when the retail industry has been experiencing a surge in store closures throughout the previous year, highlighting the volatility in consumer shopping habits. Big Lots aims to fortify its market presence and revitalize its brand by focusing on affordability and accessibility amidst changing retail dynamics.
For further information regarding store locations and details, customers can visit the official Big Lots website.
