Big Lots, a well-known discount retailer, is embarking on a significant expansion phase, revitalizing its presence across the United States through a series of store openings scheduled throughout the spring and early summer. This resurgence follows a period of transition marked by the sale of the company to Gordon Brothers Retail Partners and the subsequent acquisition of a substantial portion of its stores and distribution infrastructure by Variety Wholesalers. The strategic move signals a renewed commitment to providing value and variety to customers nationwide.
The ambitious reopening plan unfolds in distinct waves, commencing with a series of nine store openings on April 10, spanning across six states. This initial phase served as a prelude to a more substantial expansion in May, characterized by two significant rounds of store openings. The first wave, occurring on May 1, saw the reopening of 60 stores spread across a dozen states, injecting new life into communities and offering shoppers a fresh opportunity to access Big Lots’ diverse product offerings. Building upon this momentum, the company is poised to unveil over 70 additional stores on May 15, further solidifying its presence in key markets. The planned openings will take place across 13 states, including Alabama, Florida, Georgia, Kentucky, Michigan, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia, demonstrating a widespread commitment to serving customers throughout the Southeast and Mid-Atlantic regions.
The flurry of store openings is not confined to the month of May. Big Lots anticipates continuing this expansionary trend into early June, with further announcements expected in the coming weeks. This sustained effort underscores the company’s dedication to rebuilding its retail footprint and reaching a broader customer base.
The recent changes in ownership have played a pivotal role in shaping this strategic direction. Variety Wholesalers, a key player in the discount retail sector, has acquired 219 Big Lots stores, in addition to two strategically located distribution centers. This acquisition provides Variety Wholesalers with a robust platform to leverage the Big Lots brand and expand its reach within the value-driven retail landscape.
Lisa Seigies, CEO of Variety Wholesalers, expressed her enthusiasm for the revitalized Big Lots brand in a press release issued on April 4. "We’re thrilled to bring the Big Lots! brand back to life by offering more deals than ever, lots of famous brands and a new apparel department for the entire family," Seigies stated. This statement highlights Variety Wholesalers’ commitment to enhancing the customer experience by providing an even wider selection of merchandise, including an expanded apparel department catering to the entire family. The focus on value and well-known brands reinforces Big Lots’ position as a go-to destination for budget-conscious shoppers.
Beyond the involvement of Variety Wholesalers, other retailers have also recognized the value in acquiring former Big Lots locations. Ocean State Job Lot, a Rhode Island-based discount retailer, announced in March its plans to purchase 15 Big Lots locations across several states, including New Jersey, Maryland, Delaware, Pennsylvania, New York, Massachusetts, Maine, and Vermont. This strategic acquisition will enable Ocean State Job Lot to expand its presence in the Northeast and Mid-Atlantic regions, further intensifying competition within the discount retail market.
Earlier in February, Ollie’s Bargain Outlet, another prominent player in the closeout retail space, revealed its intention to acquire 40 former Big Lots store locations. This move underscores Ollie’s Bargain Outlet’s aggressive growth strategy and its commitment to providing deep discounts on a wide range of products. The acquisition of these former Big Lots locations will significantly expand Ollie’s Bargain Outlet’s footprint and solidify its position as a leading destination for bargain hunters.
The resurgence of Big Lots and the strategic acquisitions by Variety Wholesalers, Ocean State Job Lot, and Ollie’s Bargain Outlet reflect the enduring appeal of the discount retail sector. In an increasingly competitive market, consumers are actively seeking value and affordability, making discount retailers an attractive option for budget-conscious shoppers. The renewed investment in the Big Lots brand and the expansion plans of other discount retailers signal a period of growth and innovation within the industry, ultimately benefiting consumers through increased choice and competitive pricing. The combination of a strategic acquisition, a renewed focus on value, and a commitment to expanding product offerings positions Big Lots for a successful resurgence in the retail landscape. The upcoming store openings represent a significant step forward in the company’s revitalization efforts, promising to bring a fresh wave of deals and opportunities to communities across the nation.
Fernando Cervantes Jr., a trending news reporter for USA TODAY, can be reached at [email protected] and followed on X @fern_cerv_.
