This week, the discount retail chain Big Lots will open dozens of new stores in a "wave three" relaunch of the brand. It's a radical turnaround for a chain that was previously closing all its stores

In September 2024, Big Lots filed for bankruptcy and announced it would close all of its locations by the end of the year. However, Variety Wholesalers agreed to buy more than 200 Big Lots locations during a liquidation sale with the plan to relaunch the struggling retailer.