NEWSLETTER
Renowned retail brands now act as Michael Myers or Jason Vorhees. Of course, they seem dead, but it doesn't matter how many pieces you pirate, they return for more.
While not all retail brands return, it seems a bankruptcy of Chapter 11 or even a liquidation of chapter 7 cannot maintain a depressed popular brand. Companies recognize that it is easier to market the bed, the bathroom and beyond consumers than oversock.com, even if the two companies really do not sell the same things.
Related: the retailer of shopping centers with difficulties closing 66 stores (revealed locations)
There is equity in familiarity even if that familiarity ended badly. It seems that consumers do not remind toys for their terrible slow death at the hands of the Ghouls coverage fund. Instead, they remember the funny moments they had visiting the chain when they were children.
In many ways, it is like buying a house where a famous murder took place. Yes, it can be creepy, but everyone can find it easily.
It used to be that the chains would close and their intellectual property would be auctioned. Then, months, perhaps years, later, the brand would return in a very resignated way.
Names such as the most clear image, and the toys previously referenced, for example, still exist, but they are not what they ever were.
Another retailer recently in bankruptcy has barely had cold time in his grave, but is ready for a surprisingly large return.
Image and colon source; Shuttersock & Period;
The popular discount retailer will not remain dead
When visiting the Big Lots website, it clearly says that all stores are closing and that the final sales are happening now. If you visit a Big Lots location, it is already closed or heads towards that direction with shelves that approach the nude.
Many stores have already begun to sell their accessories. It is a bit like burning a farm and then jumping the floor to make it difficult for anything to grow there.
The chain website is still operational, but some pages no longer work, and the company seems to be well on the way to liquidate.
Great lots, however, will not remain dead for a long time. When the chain was declared in bankruptcy of Chapter 11 in September, he shared that he was negotiating with at least one company to keep some stores open.
That is a common line in a bankruptcy presentation for a great retailer, but it is very rare that the reopening plans are in force before the banking company has completely closed. Big Lots, for example, has not even eliminated (or changed) its corporate website, which still contains the hopeful mantra:
“As a unique retailer, not traditional and discount, our goal is to build on this leadership position by expanding our market presence. Our strength in marketing, purchase, site selection, distribution and cost content have positioned us for continuous expansion and profitable growth for our shareholders.”
More retail:
- Walmart, Target, Costco makes an important 2025 advertisement
- The retailer before in bankruptcy makes a painful decision to close more stores
- The main investor adopts a firm position in the problematic brand problem
- Walmart and Costco make important changes that affect all customers
That ship, of course, has sailed, since Big Lots enters his last agony of death.
Great lots, however, will simply not be dead.
Large lot reopening plans are underway
Variety wholesalers, a name that does not know which one operates “422 stores in the southeast, primary under the banners of Roses and Roses Express”, has acquired the right to reopen 200-400 Locations of large lots.
Large lots and roses seem to have a similar DNA.
“Roses discount stores is a super regional retail chain founded in 1915 by Paul Howard Rose and based in Henderson, Nc. In 1997, Variety Wholesalers, Inc. bought roses. United States,” he shared on his LinkedIn page.
The new owner has already begun to reopen some closed Big Lots locations. Variety has already begun to reopen some Big Lots locations that the new owner calls “soft openings.”
Related: The retail chain in difficulties makes a hard change in the midst of bankruptcy rumors
That makes Big Lots the weird retailer that comes out of the business at the same time that he is also reopening. The recently revived locations will be mainly in the south and the west medium.
Variety Wholesale has not shared which stores will open again. But, the work has begun in places in Alabama, Florida, Georgia, Ohio, Michigan, Mississippi, Indiana, Kentucky, Louisiana, North Carolina, South Carolina, Tennessee, Virginia and Virginia Western.
