Ocean State Job Lot is set to open 22 new stores this year by acquiring 17 former Big Lots locations across eight states in the Northeast, following Big Lots' Chapter 11 bankruptcy. The new stores are designed to deliver the company's 'bigger, brighter shopping experience.' This acquisition aligns with Ocean State Job Lot's strategy of repurposing retail properties, having successfully converted locations that previously housed Christmas Tree Shops and Toys R Us since 2019. Meanwhile, other retailers like Burlington and Ollie's Bargain Outlet are also taking over some Big Lots locations as part of the ongoing transitions in the retail landscape.
Curtis Corl, Chief Marketing Officer for Ocean State Job Lot, emphasized that they are acquiring 17 Big Lots locations across eight states, aiming to open 22 new stores this year.
The strategic acquisition highlights Ocean State Job Lot's ongoing commitment to converting former retail sites into vibrant shopping experiences, having repurposed locations of other brands like Christmas Tree Shops and Toys R Us.
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