Big Lots to reopen over 100 stores after – Business News
Big Lots is about to reopen 132 stores that it had closed final yr due to its chapter submitting, the chain’s new homeowners introduced.
The shuttered stores that can reopen in May are in 14 states, principally within the south, together with Alabama, Kentucky, North Carolina, Tennessee and Virginia.
“We’re excited to bring an additional 132 Big Lots! locations back to life in May,” mentioned Lisa Seigies, president and CEO of Variety Wholesalers, which acquired more than 200 Big Lots stores this yr.
Big Lots is reopening more than 100 stores it had shuttered final yr after it filed for chapter. Paul Weaver/SOPA Images/Shutterstock
The discounter filed for chapter in September and closed all of its stores – roughly 1,000 – earlier than it was acquired by distressed asset advisor and lender Gordon Brothers Retail Partners.
Variety Wholesalers, owns and operates some 400 stores and types, together with Big Lots, Roses Discount Stores and Rose’s Express and Maxway.
The Big Lots stores which can be coming back are being phased in subsequent month and in June, the company mentioned.
It has already reopened 9 store this month.
“The customer response to the newly expanded assortment of fresh inventory and great deals has been overwhelmingly positive,” Seigies mentioned in a assertion.
Columbus, Ohio-based Big Lots sells furnishings, home decor and different gadgets, and mentioned final yr that high inflation and rates of interest have harm its business as customers have pulled back on their home and seasonal product purchases, two classes the chain will depend on for a vital half of its income.
The company has stiff competitors, Neil Saunders managing director of GlobalData famous on the time.
Big Lots had operated more than 1,000 stores nationwide. Refrina – stock.adobe.com
“Big Lots operates in a very crowded and competitive market where other value players do a far better job of delivering on low prices and compelling bargains. It needs to step up its game if it is to succeed post-bankruptcy,” he mentioned.
Big Lots! stores will reopen in May in two phases, on May 1 and May 15. The Locations embrace:
Alabama: Athens, Decatur, Dothan, Guntersville, Jasper, Mobile, Northport
Florida: Crystal River, Jacksonville, Marianna, Ormond Beach, Panama City
Georgia: Augusta, Brunswick, Buford, Cornelia, Dallas, Fort Oglethorpe, Marietta, Smyrna, Valdosta, Vidalia, Waycross
Indiana: Jasper
Kentucky: Campbellsville, Danville, Elizabethtown, Glasgow, Hazard, London, Middlesboro, Richmond, Somerset
Michigan: Burton, Flint, Port Huron, Shelby Township, Southgate
Mississippi: Southhaven
The discounter started to falter as client spending slowed down final yr. Christopher Sadowski
North Carolina: Belmont, Burlington, Clemmons, Dunn, Elizabeth City, Elkin, Fayetteville, Gastonia, Greensboro, Greenville, Hickory, Kinston, Lexington, Lincolnton, Mocksville, Mooresville, Mount Airy, Newton, Roanoke Rapids, Rocky Mount, Selma, Shelby, Southport, Statesville, Wake Forest, Wilkesboro, Wilson
Ohio: Alliance, (*100*), Bridgeport, Columbus, Elyria, Fremont, Grove City, Kettering, Lancaster, New Philadelphia, Reynoldsburg, Toledo, Warren, Wintersville
Pennsylvania: Bloomsburg, Camp Hill, Cleona, Du Bois, Dunmore, East Stroudsburg, Erie, Eynon, Franklin, Lehighton, Lewisburg, Meadville, New Castle
South Carolina: Easley, Greenwood, Lexington, Rock Hill, Seneca, Simpsonville, Spartanburg, West Columbia
Tennessee: Alcoa, Cleveland, Greeneville, Jefferson City, Johnson City, Knoxville, Morristown, Murfreesboro, Rogersville, Sevierville
Virginia: Chesapeake, Chester, Fredericksburg, Front Royal, Martinsville, North Chesterfield, North Prince George, Waynesboro, Winchester, Yorktown
West Virginia: Beckley, Bridgeport, Charleston, Elkins, Fairmont, Martinsburg, Oak Hill, Princeton
