Big Lots Announces Store Reopenings After Near Bankruptcy,Variety Wholesalers Takes Helm
Table of Contents
- Big Lots Announces Store Reopenings After Near Bankruptcy,Variety Wholesalers Takes Helm
- Big Lots Announces Reopening of Stores Across Multiple States Following Variety Wholesale Acquisition
- Big Lots’ Retail Resurrection: From Near-Bankruptcy to Revival Under Variety Wholesale
Big Lots,the retail chain known for its discounted merchandise,is preparing to reopen several stores across the united States after facing near bankruptcy last year. The reopening initiative begins with nine stores in the southern U.S., slated to open their doors starting April 10. These locations are currently undergoing cleaning, remodeling, and restocking, marking the first phase of a four-phase reopening plan extending into early June. Variety Wholesalers, based in North Carolina, has assumed control of hundreds of Big Lots stores following the chain’s financial difficulties under the previous management of Gordon Brothers.
Reopening Phase: Initial States and Locations
Variety Wholesalers, the retail company headquartered in North Carolina, has taken over management of numerous Big Lots stores following the bankruptcy proceedings. Previously, the chain was managed by Gordon Brothers. The initial reopening phase will encompass nine stores across six states, starting April 10, according to Jeff King, Vice President of Sales and Marketing at Variety Wholesalers.
remodeling efforts commenced on March 3, setting the stage for the grand re-openings. The strategic approach aims to revitalize the stores and provide a refreshed shopping experience for customers.
The locations scheduled for the first wave of reopenings are:
- Kentucky
- 1342 Indian Mound Dr, Mount Sterling, KY
- Louisiana
- 755 Veterans Memorial Blvd, Metairie, LA
- Mississippi
- 2605 W Main St, Tupelo, MS
- 5778 Hwy 80 E, Pearl, MS
- North Carolina
- 1432 E Dixie Dr, asheboro, NC
- Tennessee
- 1041 S Riverside Dr, Clarksville, TN
- 744 Nashville Pike, Gallatin, TN
- 220 Dickson Plaza Dr., Dickson, Mr.
- Virginia
- 2911 Hershberger Rd NW, Roanoke, VA
Details of the Reopening Process
The reopening of Big Lots stores is a multi-stage process designed to gradually reintroduce the retail chain to its customer base. The initial focus is on ensuring that the selected stores are fully prepared to meet customer expectations. The phased approach allows Variety Wholesalers to carefully manage the transition and ensure a smooth experience for both employees and customers.
Jeff King elaborated on the reopening strategy, stating that the stores will remain closed until April 10, when the soft opening of the first nine locations will occur. Moreover, King confirmed that the second phase of the reopening, scheduled for May 1, will involve a larger number of stores, approximately 70 locations.
The stores will remain closed until April 10, when the soft opening of the first nine locations will occur.
Jeff King, Vice President of Sales and Marketing at Variety Wholesalers
The company is investing in remodeling and restocking efforts to revitalize the stores and provide a refreshed shopping habitat.This includes not only physical improvements to the stores but also ensuring that shelves are stocked with a wide variety of products that customers have come to expect from Big Lots.
Big Lots Stages Remarkable Comeback After Near Collapse, Variety wholesale Steps In
Discount retailer Big Lots is set to make a significant return to the retail landscape after a tumultuous 2024 that saw the company teetering on the brink of complete closure. Variety Wholesale has stepped in to acquire at least 200 stores, saving a portion of the business and thousands of jobs.
The year 2024 proved to be a challenging one for Big Lots, a chain that had been operating for 57 years. Facing serious financial difficulties, the company announced in December the definitive closure of its 870 stores. This decision would have resulted in the loss of 27,000 jobs, a devastating blow to employees and communities across the nation.
Though, a lifeline appeared in the form of Variety wholesale.The company, which also owns other discount chains such as Roses, Bill’s Dollar Stores, super Dollar, and Bargain Town, intervened at the last moment. Variety Wholesale agreed to acquire at least 200 of the Big lots stores,allowing them to continue operating under the well-known Big Lots brand.
This acquisition marks a significant turning point for Big Lots, signaling a return to life for the discount retailer.The reopening of the first locations is already underway, bringing hope to former employees and shoppers alike.
Reopening Plans: A State-by-State Breakdown
The revival of Big Lots will occur in phases, with reopenings planned across numerous states. Here’s a look at some of the locations expected to reopen:
Alabama
- 1619 Town Sq SW, Cullman, Ala.
- 5363 HWY 90 W, STE C, MOBILE, ALA.
- 603 US Hwy 72 W, Athens, Ala.
- 1820 6th Ave SE, decatur, Ala.
- 1100 HWY 78 W, Jasper, ala.
- 5510 McFarland Blvd,Northport,Ala.
Florida
- 3401 13th St, Ste 100, Saint Cloud, Fla.
- 146 SE US Highway 19, Crystal River, Fla.
- 4901 Palm Beach blvd, Ste 230, fort Myers, Fla.
- 13970 N Cleveland Ave, north fort Myers, Fla.
- 843 W Bloomingdale Ave, Brandon, Fla.
- 122 S Nova rd,Ormond Beach,Fla.
- 9119 Merrill Rd, Ste 50, Jacksonville, Fla.
- 3048 E College Ave,ruskin,fla.
- 6247 Highway 90, milton, Fla.
- 2384 Commercial Way, Spring hill, Fla.
- 4700 Highway 90, Marianna, Fla.
- 225 S Tyndall Pkwy, Callaway, Fla.
Georgia
- 127 Commerce Ave,LaGrange,Ga.
- 110 and Northside Dr, Valdosta, GA.
- 2305 E 1st St,Vidalia,Ga.
- 3791 S COBB DR SE, STE G, SMYRNA, GA.
- 3111 Highway 278 NW, Covington, ga.
- 1803 Knight Ave,
Ohio
- 1000 N Barron St, Eaton, Ohio
- 10000 Market St, North Lima, Ohio
- 10000 US Route 250, Milan, Ohio
- 10000 US Route 42, Plain City, Ohio
- 10000 West Broad St, Galloway, Ohio
- 10000 West Central Ave, Toledo, Ohio
Michigan
- 10000 Telegraph Rd, Taylor, Mich.
- 10000 W Jefferson Ave, Trenton, Mich.
- 10000 W Michigan Ave, Parma, Mich.
- 10000 W Saginaw Hwy, Grand Ledge, Mich.
- 10000 W Warren Ave, Dearborn Heights, Mich.
- 10000 Wyoming Ave, Detroit, Mich.
Indiana
- 10000 E Washington St, Indianapolis, Ind.
- 10000 Indianapolis Blvd, Highland, Ind.
- 10000 N michigan Rd, Carmel, Ind.
- 10000 US 31 S, Greenwood, Ind.
- 10000 US Hwy 41, Terre Haute, Ind.
- 10000 W mcgalliard Rd, Muncie, Ind.
Kentucky
- 10000 Dixie Hwy, Florence, Ky.
- 10000 Hurstbourne Pkwy, Louisville, Ky.
- 10000 Nicholasville Rd, Lexington, Ky.
- 10000 Richmond Rd, Lexington, Ky.
- 10000 Shelbyville rd,Louisville,Ky.
- 10000 Taylorsville Rd, louisville, Ky.
Pennsylvania
- 10000 mcknight Rd, Pittsburgh, Pa.
- 10000 Perry Hwy, Wexford, Pa.
- 10000 Roosevelt Blvd,Philadelphia,Pa.
- 10000 University Dr, Moon Township, Pa.
- 10000 W Ridge Pike, Limerick, Pa.
- 10000 York Rd, Warminster, Pa.
North Carolina
- 10000 Albemarle Rd, Charlotte, N.C.
- 10000 Battleground Ave, Greensboro, N.C.
- 10000 Capital Blvd, Raleigh, N.C.
- 10000 Independence Blvd, Matthews, N.C.
- 10000 Market St, Wilmington, N.C.
- 10000 New Bern Ave, Raleigh, N.C.
South Carolina
- 10000 Garners Ferry Rd, Columbia, S.C.
- 10000 Harbison Blvd, Columbia, S.C.
- 10000 Rivers ave, North Charleston, S.C.
- 10000 wade Hampton Blvd, Taylors, S.C.
- 10000 Woodruff Rd, Simpsonville, S.C.
- 10000 US 17 Bypass S, Murrells Inlet, S.C.
Texas
- 10000 Bellaire Blvd, Houston, Texas
- 10000 FM 1960 Rd W, Houston, Texas
- 10000 Gulf Fwy, Houston, Texas
- 10000 I-35, Austin, Texas
- 10000 Lake June Rd, Dallas, Texas
- 10000 Northwest Hwy, Dallas, Texas
West Virginia
- 10000 Mall Rd, Morgantown, W.va.
- 10000 mount de Chantal Rd, Wheeling, W.Va.
- 10000 Robert C Byrd Dr, Crab Orchard, W.Va.
- 10000 University Town Center dr, Morgantown, W.Va.
- 10000 US Route 60 E, Barboursville, W.Va.
- 10000 washington St W, Charleston, W.Va.
Looking Ahead: Big Lots’ Determination
The reopening of Big Lots stores represents a notable step in the company’s recovery after facing financial challenges. With new management and a strategic reopening plan, Big Lots aims to regain its position in the retail market and continue serving its loyal customer base.The phased approach, coupled with Variety Wholesalers’ investment in remodeling and restocking, signals a renewed commitment to providing value and quality to shoppers across the nation.
Big Lots Announces Reopening of Stores Across Multiple States Following Variety Wholesale Acquisition
Following its acquisition by Variety Wholesale, Big Lots is embarking on a significant resurgence, reopening stores across multiple states.This strategic move aims to restore the retailer’s market presence and continue providing value and options to consumers. The reopening initiative spans several states, including Georgia, ohio, Michigan, Indiana, Kentucky, Pennsylvania, North Carolina, South Carolina, Texas, and West Virginia, signaling a strong commitment to recovery and growth.
Store Reopenings by State
Big Lots is strategically reopening stores across various states. Here’s a detailed list of locations:
Georgia
- 1105 N Express Way, Griffin, Ga.
- 100 Bullsboro Dr, Ste A2, Waycross, Ga.
- 260 Merchants Square, Dallas, Ga.
- 13 Lester Rd, Ste C, Statesboro, Ga.
- 323 Haersham Village Cir, Cornelia, Ga.
- 4420 Altaam ave, you C2, Brunswick, Ga.
- 2932 Canton RD, Ste 210, Marietta, Ga.
- 4125 Highway 20, Ste A-2, Buford, Ga.
- 558 Battlefield Pkwy, Fort Oglethorpe, Ga.
Ohio
- 2837 Winchester Pike,Columbus,Ohio
- 498 Cadiz Rd,Wintersville,Ohio
- 9025 Ohio River Rd,Wheelersburg,Ohio
- 1965 W State St,alliance,Ohio
- 3961 Hoover Rd,Grove City,Ohio
- 3946 W Alexis Rd,Toledo,Ohio
- 408 Bluebell Dr NW,new Philadelphia,Ohio
- 12588 Rockside Rd,Cleveland,Ohio
- 7100 South Ave,Youngstown,ohio
- 400 Silver Bridge Plaza,Gallipolis,Ohio
- 1336 Whipple Ave NW,Canton,Ohio
- 4331 Mahoning Ave NW,warren,Ohio
- 8489 Market St,Mentor,Ohio
- 1890 W Market St,Suite #500,Akron,Ohio
- 405 Howe Ave,Cuyahoga falls,Ohio
- 426 East waterloo Rd,Akron,Ohio
- 6300 E Livingston Ave,Reynoldsburg,Ohio
- 1800 E State St,Fremont,Ohio
- 3640 Werk RD,Cincinnati,Ohio
- 56104 National Rd,Bridgeport,Ohio
- 367 County Rd 406,Ste B,south Point,Ohio
- 825 Cleveland St,Elyria,Ohio
- 10560 Harrison Ave,Harrison,Ohio
- 110 S 7th St,Marietta,ohio
- 2050 E dorothy Ln,Kettering,Ohio
- 1700 E Main St,Lancaster,Ohio
- 241 W Wooster Rd,Barberton,Ohio
Michigan
- 659 24th St,Port Huron,Mich.
- 5112 Miller RD, Flint, me.
- 7651 23 Mile Rd, Shelby township, Mich.
- 14333 Eureka Rd, Southgate, Mich.
- 4157 E Court St, Burton, Mich.
Indiana
- 195 S US hwy 231, jasper, Ind.
Kentucky
- 200 Sycamore St, Ste 151, Elizabethtown, Ky.
- 472 Eastern bypass, Richmond, Ky.
- 86 Appalachian Plaza, south Williamson, Ky.
- 294 Village ln, Hazard, Ky.
- 1714 Perryville Rd, Ste 400, Danville, Ky.
- 845 S Main St, London, Ky.
- 400 Campbellsville Bypass,Campbellsville,Ky.
- 102 N 12th St,Middlesboro,Ky.
Pennsylvania
- 2611 Ellwood Rd, New Castle, Pa.
- 11628 Penn Hills dr, pittsburgh, pa.
- 697 Allegheny Blvd, Franklin, pa.
- 1425 Scalp Ave, ste 130, johnstown, Pa.
- 750 ohio River Blvd, Rochester, Pa.
- 3437 simpson Ferry Rd, camp Hill, Pa.
- 2444 Philadelphia ST, Indiana, Pa.
- 467 W Penn Ave,Cleona,pa.
- 820 Water st, Meadville, Pa.
- 2140 White St, York, Pa.
- 2431 Columbia Blvd, Bloomsburg, pa.
- 1010 O’Neill Hwy, dunmore, Pa.
- 1241 Blakeslee Boulevard Dr E, Lehighton, Pa.
- 6041 State Route 30, Ste 20, Greensburg, Pa.
- 7405 Westbranch hwy, Lewisburg, Pa.
- 1150 carlisle St, Hanover, Pa.
- 156 Eagles Glen Plaza, Ste 190, East stroudsburg, Pa.
- 5522 Shaffer Rd,Unit 7,DuBois,Pa.
- 500 Lincoln Hwy, Ste 4, Fairless Hills, Pa.
- 4717 mcknight Rd, Pittsburgh, Pa.
- 866 Scranton Carbondale Hwy, Eynon, Pa.
- 389 N Reading Rd,Ephrata,Pa.
North carolina
- 1504 N Bridge St, Elkin, N.C.
- 1811 S Church st, Burlington, N.C.
- 1328 Carter St, Mount Airy, N.C.
- 4600 Main st, Ste 1, Shallotte, N.C.
- 526C US Highway 70 SW, Hickory, N.C.
- 100 Westwood Village Dr, clemmons, N.C.
- 838 Winston Rd, Lexington, N.C.
- 1403 S Pollock St, Selma, N.C.
South Carolina
- 207 Oconee square, Walhalla, S.C.
- 2801 Augusta Rd, Aiken, S.C.
- 3801 Cleland Dr, Spartanburg, S.C.
- 4002 Clemson Blvd, Anderson, S.C.
Texas
- 1405 S Lamar Blvd, Austin, tex.
- 12606 S IH 35,Austin,Tex.
- 7107 W Loop 1604 N, San Antonio, Tex.
- 4400 W 7th St, Fort Worth, Tex.
- 18525 IH 45 N, Spring, Tex.
- 7910 W Loop 1604 N, San Antonio, Tex.
- 3130 E expressway 83, McAllen, Tex.
- 5705 W Highway 290, Austin, Tex.
West Virginia
- 7411 Coopers Rock Rd, Morgantown, W.va.
- 1199 Queen St, Ste C, petersburg, W.Va.
Looking Ahead: Big Lots’ Determination
With these reopenings, Big Lots is demonstrating a strong commitment to recovering its position in the market and continuing to provide value and options to consumers. The intervention of Variety Wholesale has provided a crucial second chance for the retailer, its employees, and the communities it serves.
Big Lots’ Retail Resurrection: From Near-Bankruptcy to Revival Under Variety Wholesale
Big Lots, a familiar name in the retail landscape, faced a severe crisis in 2024, teetering on the brink of bankruptcy. Changing consumer habits, intensified competition, and internal management challenges created a perfect storm, leading to the near-total closure of its stores and threatening thousands of jobs. However, a lifeline emerged in the form of Variety Wholesale, a North Carolina-based company, which acquired Big Lots and initiated a carefully planned revitalization process. This acquisition and subsequent phased reopening are being closely watched as a study in retail resilience and turnaround strategies. Dr. Anya Sharma, a leading expert in retail restructuring and business turnarounds, sheds light on the situation.
The Brink of Collapse and a Strategic Acquisition
The story of Big lots’ near-bankruptcy in 2024 serves as a stark reminder of the challenges facing even established retailers in today’s dynamic market. Dr. Anya Sharma emphasizes the meaning of this case, stating, “The Big Lots case is indeed compelling. It’s a prime example of how even established retailers can face severe financial difficulties,especially in today’s rapidly evolving retail landscape.”
Variety Wholesale’s acquisition of big lots stores marked a pivotal moment. Dr. Sharma explains the strategic rationale behind this decision: “Variety Wholesale…saw an possibility in Big Lots’ distress. Their acquisition wasn’t just about acquiring assets; it was a strategic move to expand their market presence and brand portfolio.” Despite its struggles, Big Lots retained strong brand recognition and a loyal customer base, making it an attractive acquisition target.The deal provided Variety wholesale with access to an established customer network and a geographically dispersed infrastructure, offering a considerable advantage in the competitive discount retail market. For Big Lots, the acquisition secured its survival and the jobs of thousands of employees.
A Phased Reopening: A Calculated Approach
Variety Wholesale has adopted a phased approach to reopening Big Lots stores, beginning with nine locations and extending to an anticipated 70. This measured rollout is a crucial element of the revitalization plan. Dr.Sharma highlights the advantages of this strategy: “This measured rollout is crucial for several reasons. First, it allows for a controlled assessment of the resuscitation plan’s effectiveness.”
The phased approach allows Variety Wholesale to meticulously monitor customer response, operational efficiency, and other key performance indicators (KPIs) in the initial phase.this enables adjustments and improvements before scaling up the reopening to many more stores. It also substantially reduces the risk of a disastrous full-scale reopening that could overwhelm resources and potentially squander the investment. “The phased approach minimizes financial exposure and allows for a more targeted resource allocation,” Dr.Sharma notes.
Key Strategies Underpinning the Turnaround
Beyond the phased relaunch, several key strategies are underpinning Big Lots’ turnaround efforts. These include:
Refreshed Store Environments
A critical component of the recovery strategy involves revitalizing the physical stores. This includes not just cleaning and restocking but also remodeling the stores to present a refreshed and inviting shopping experience to attract customers.
Conclusion: A Case Study in Retail Resilience
The Big Lots story, from near-bankruptcy to a strategic acquisition and phased reopening, offers valuable lessons in retail resilience and turnaround strategies. Variety Wholesale’s calculated approach, coupled with a focus on refreshed store environments, provides a roadmap for other retailers facing similar challenges. the success of this revitalization effort will be closely watched as a testament to the power of strategic acquisitions and well-executed turnaround plans in the ever-evolving retail landscape.
Based on the provided text,Big Lots is reopening stores in phases after near bankruptcy and acquisition by Variety Wholesalers. The first phase, starting April 10th, involves nine stores in six states: Kentucky, Louisiana, Mississippi, North carolina, Tennessee, and Virginia. Subsequent phases will reopen approximately 70 more stores in May and beyond. The articles list many additional locations slated for reopening in Alabama,Florida,Georgia,Ohio,Michigan,Indiana,Pennsylvania,North Carolina,South Carolina,Texas,and West Virginia,but the exact timing isn’t specified beyond the initial nine and the May phase. The reopening process includes store cleaning, remodeling, and restocking.