US EditionList: Big Lots stores in 13 states reopening this week
- In September 2024, Big Lots initiated Chapter 11 bankruptcy proceedings and subsequently sold the leases for over 460 of its stores to Gordon Brothers Retail Partners later that year.
- Following the bankruptcy, several companies including Variety Wholesalers, Ollie's Bargain Outlet, Tractor Supply, Burlington, Ocean State Job Lot, and Aldi acquired leases of closed Big Lots locations.
- Variety Wholesalers purchased 219 Big Lots locations along with a pair of distribution facilities, beginning store reopenings with nine outlets on April 10, followed by additional waves on May 1 and May 15, when 70 more stores are scheduled to open, with further store launches planned for June.
- Other lease buyers include Ollie's Bargain Outlet with 40 stores, Ocean State Job Lot with 15, Tractor Supply with 18 across 15 states, Burlington with 12 locations, and Aldi acquiring a small number of stores across three states.
- The store reopenings represent efforts by these companies and Big Lots to revitalize former locations and compete in the discount retail market amid ongoing financial restructuring.
15 Articles
15 Articles
Big Lots returns to North Carolina with a dozen stores and there is already a feeling in several counties
After a period of uncertainty and shop closure, Big Lots is back in North Carolina, with the reopening of more than 25 stores throughout the state.The store, known for its economical and high demand products, returns under the new Variety Wholesalers property, with a renewed strategy to attract both former customers and new buyers. Big Lots revives with new owners and returns to North CarolinaThe reopening of these premises is just the beginning…
Guntersville Big Lots among over five dozen stores reopening this week
(NEXSTAR) — Another round of Big Lots stores, previously shuttered as part of its Chapter 11 bankruptcy filing, are set to reopen this week. This marks the third wave of stores reopening this year. In April, nine Big Lots stores reopened as part of a deal the retailer previously reached with Gordon Brothers Retail Partners. The deal stipulated that Variety Wholesalers would acquire hundreds of Big Lots stores, which would retain the original bra…
Big Lots in Delaware County bought by Burlington
By Daniel Urie, pennlive.com The discount department store chain, Burlington has purchased a former Big Lots Store in Pennsylvania. Discount retailer Big Lots filed for bankruptcy in September and closed hundreds of stores. Many of its leases were auctioned off. Burlington purchased 34 former Big Lots stores and one of the locations is in the Keystone State, according to bankruptcy filings. The retailer purchased the store at 713 E. Baltimore Av…
KRQE News 13
List: Big Lots stores in 13 states reopening this week
(NEXSTAR) — Another round of Big Lots stores, previously shuttered as part of its Chapter 11 bankruptcy filing, are set to reopen this week. This marks the third wave of stores reopening this year. In April, nine Big Lots stores reopened as part of a deal the retailer previously reached with Gordon Brothers Retail Partners. The deal stipulated that Variety Wholesalers would acquire hundreds of Big Lots stores, which would retain the original bra…
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