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Retail Expansion

Business
Ocean State Job Lot Moving Into Three Former Big Lots Stores In MD: Here's Where Ocean State Job Lot Moving Into Three Former Big Lots Stores In MD: Here's Where
Ocean State Job Lot Moving Into Three Former Big Lots Stores In MD: Here's Where Ocean State Job Lot is taking over more than a dozen former Big Lots locations, bringing the discount retail chain to new communities across the Northeast and mid-Atlantic. Ocean State Job Lot has acquired 15 former Big Lots stores, the company said in a news release on Wednesday, Mar. 19. The acquisitions come after Big Lots filed for bankruptcy in September 2024. The expansion will include Ocean State opening its first store in Delaware. "This is an exciting chapter for us," said Ocean State CEO and principal owner Marc Perlman. "Expanding into new markets has long been part of…

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by Chris Spiker
Business
Dollar General Closing 140+ Stores, Profits Drop As Retailers Struggle Nationwide Dollar General Closing 140+ Stores, Profits Drop As Retailers Struggle Nationwide
Dollar General Closing 140+ Stores, Profits Drop As Retailers Struggle Nationwide Dollar General will close more than 140 stores after a sharp drop in profits, marking a shift in strategy as the discount retailer faces rising costs and changing consumer habits. Dollar General will shut down at least 96 Dollar General locations and 45 pOpshelf stores in 2025, the company said in a news release on Thursday, Mar. 13. There are about 20,434 Dollar General stores and 231 pOpshelf locations, according to data company ScrapeHero. Another six pOpshelf stores will be converted into Dollar General locations. "As we look to build on the substantial progress we made …

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by Chris Spiker