Big Lots is set to reopen an additional 54 stores on May 1 and a further 78 stores on May 15 as part of a revival plan following its bankruptcy in September 2024. The discount retail chain struggled with declining sales and foot traffic, leading to its previous announcement of closing all 800 locations. However, a late agreement with Variety Wholesalers to acquire over 200 stores has sparked a strategic revival. Final phase openings are expected in June, resulting in 219 operational locations by then.
Back in September 2024, Big Lots filed for bankruptcy and announced it would close all of its 800 stores, struggling from declining sales and foot traffic.
Variety Wholesalers agreed to buy just over 200 Big Lots locations and will operate them under the Big Lots brand, leading to a strategic retail revival.
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