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Thursday, jun 4
Tag:
Big Lots
Business
9 Toddlers Drown, Sparking Recall Of 5 Million Backyard Pools
Millions of backyard pools sold nationwide are being recalled after nine toddlers drowned in them, officials said. The recall affects 48-inch and taller above-ground pools made by Bestway, Intex, and Polygroup, the Consumer Product Safety Commission announced on Monday, July 21. About five million of the pools have been sold in the US since 2002, including some currently available online and in stores. The danger comes from an external compression strap that runs outside the pool and over the vertical support poles. Kids can put their feet on the strap to climb into the pool, …
Business
Big Lots Reopening 78 Stores As Retailer Finishes Bankruptcy Comeback: See The Full List
Dozens of more Big Lots stores will reopen, finishing a nationwide comeback months after the discount chain filed for bankruptcy. Big Lots will open 78 stores on Wednesday, June 5, the company said in a news release on Friday, May 30. The chain began reopening locations in April after it was purchased by Variety Wholesalers in December 2024. After this wave of reopenings, Big Lots will have 219 stores back in business in the mid-Atlantic, Midwest, and South. Nine stores were the first to open on Thursday, April 10, and 132 locations joined in May. Big Lots said its reop…
Business
Big Lots Reopening 130+ More Stores In Discount Chain's Revival: See The Full List
Big Lots is ramping up its comeback plans under new ownership by opening more than 130 stores, including nearly two dozen in Pennsylvania and Virginia. The discount chain plans to reopen 132 stores across 14 states in May, Variety Wholesalers announced in a news release on Monday, April 28. Pennsylvania (13 stores) and Virginia (10 stores) are among the top states for returning locations. Big Lots will reopen 54 stores on Thursday, May 1, and 78 locations on Thursday, May 15. "The customer response to the newly expanded assortment of fresh inventory and great deals has been overw…
Business
Big Lots Unveils Reopening Plan For Hundreds Of Stores After Bankruptcy Filing
Big Lots stores will reopen under new ownership more than seven months after the chain filed for bankruptcy. Discount retailer Variety Wholesalers, the new owner of Big Lots, announced the reopening plan in a news release on Friday, April 4. Big Lots applied for bankruptcy in September 2024 and Variety Wholesalers purchased hundreds of locations about three months later. Variety is planning a four-phase rollout following the company’s acquisition of 219 Big Lots locations out of bankruptcy. "We're thrilled to bring the Big Lots! brand back to life by offering more deals…
Business
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains
Family Dollar is being sold for $1 billion — about one-ninth of what Dollar Tree paid for it a decade ago — as discount chains nationwide face fierce online competition and President Donald Trump's tariff threats. Dollar Tree will offload Family Dollar to Brigade Capital Management and Macellum Capital Management, the company said in a news release on Wednesday, Mar. 26. The deal follows a full review of strategic alternatives and is expected to close later this spring. Family Dollar will stay headquartered in Chesapeake, Virginia. The chain's current president Jason Nordin w…
Business
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse
Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said. A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores. "Retailers that were unable to adapt supply chains and implement t…
Business
Big Lots Reaches Deal To Keep Hundreds Of Stores Open
Big Lots has announced a major development following its September bankruptcy filing. The discount retail chain says it's entered a strategic agreement with Gordon Brothers Retail Partners and Variety Wholesalers to preserve the brand, save thousands of jobs, and keep hundreds of stores open. Variety Wholesalers, known for its portfolio of retail brands, plans to acquire between 200 and 400 Big Lots locations, along with up to two distribution centers. There are about 1,400 Big Lots stores nationwide. The transition ensures Big Lots can transfer key assets and maintain continuity of its br…
Business
CT's Six Remaining Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When
Big Lots, the popular discount retailer, is officially going out of business. The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including six locations in Connecticut. The last day of business is expected to be in mid-February, according to sources familiar with the closures. While official store closing sales have not yet begun, all Christmas items are currently 50% off, offering shoppers a chance to stock up before the doors shut for good. The closures mark the end of an era for the budget-frien…
Business
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings. The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…
Business
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown
Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. It currently has around 1,425 stores nationwide. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming. Stores in the Northeast now slated for closure are as follows: New York Delaware Avenue, Buffalo South Ogden Street, Buffalo Route 5 & 20, Canandaigua Voice Road, Carle Place Centereach …
Business
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts
It's more bad news for discount retailer Big Lots. The nationwide chain announced in June that it would close 40 stores following dismal sales and rising costs, but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in the Northeast. Big Lots announced in a US Securities and Exchange Commission filing on Friday, Aug. 2, that under an updated term sheet, the company would need to close 20 percent of its 1,392 stores — about 290 in all. Here are some of the local closures. Connecticut — Eight stores Manchester — 1…
Business
Big Lots To Close Pair Of NY Stores
Discount retail chain Big Lots plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC). It currently has around 1,425 stores nationwide. Six stores in New York, Connecticut, and Massachusetts are slated to close, with both New York stores on Long Island. No store closures are scheduled for New Jersey. The company cited rising costs and inflation as reasons for the move and said a bankruptcy filing could be coming. Stores in the Northeast slated for closure are as follows: New York 260 Voice Road, Carle Place 231 Centere…
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