Latest news with #BigLots
Daily Mail
13 hours ago
- Business
- Daily Mail
Lowe's rival opening 90 stores by the end of this year
Tractor Supply Company is coming for Lowe's with a whopping new store count. The nation's largest rural lifestyle retailer is set to open 90 new locations by the end of the year. With these 90 stores, the number of Tractor Supply locations will rise to about 3,200 across 49 states. At least 18 of these new locations were former Big Lots stores, which the retailer bought during a last minute rescue deal after Big Lots filed for bankruptcy last year. A spokesperson told USA Today that those locations are strategically positioned in areas to serve the needs of farmers, animal owners, ranchers, gardeners, homeowners, and tradesmen. The openings also occurred just in time for Tractor Supply to launch its new Field & Stream-branded hunting and outdoor gear. The chain is also planning to open 10 new Petsense by Tractor Supply stores, crossing the 200 unit mark. As of now, the retailer has already opened 15 new stores in Arizona, California, Florida, Georgia, Louisiana, Michigan, North Carolina, Ohio, and West Virginia. The openings are part of Tractor Supply's 'Life Out Here' strategy, created to help with its growth. 'Over the last five years, we have delivered strong financial performance and enhanced our competitive advantages through the execution of our Life Out Here strategy,' said CEO Hal Lawton. 'Our Life Out Here 2030 strategy continues the momentum of our existing initiatives as well as launches new initiatives such as Pet Rx and Direct Sales.' Tractor Supply initiated the original plan in 2020, which featured a new store layout and remodeling program in half of its stores. It helped the chain land 22 million Neighbor's Club loyalty program members, open 13 distribution facilities, and increase sales by more than 300 percent. With its updates, the chain is now aiming to finish the year with $225 billion in revenue instead of its original $180 billion expectation. The chain started its goal off on a high note after delivering a 2.1 percent increase in first quarter scales amounting to $3.47 billion. The company said that new store openings and the contribution from Allivet pet pharmacy helped make its quarterly goal a reality. Some new locations are strategically positioned in areas to serve the needs of farmers, animal owners, ranchers, gardeners, homeowners, and tradesmen Tractor Supply backtracked on its DEI initiatives following 'disappointment' from its conservative customer base in 2024. Fans have been concerned over the future of home improvement stores long before fears of a looming recession. Home Depot and Lowe's both suffered significant sales drops last year amid high inflation. Home Depot bounced back with a 9.4 percent revenue during the first quarter of 2025 and confirmed there would be no major price changes this year from tariffs. Lowe's was not as lucky with a 1.7 percent revenue decrease, but it did earn the top spot in customer satisfaction among home improvement retailers by J.D. Power. As for Tractor Supply, the chain's abundance of baby chicks has given shoppers a solution on what to do during the egg shortage.
USA Today
2 days ago
- Business
- USA Today
Burlington plans to open at least 100 stores by the end of 2025: Here's where
Burlington plans to open at least 100 stores by the end of 2025: Here's where As 2025 continues, retailers and restaurants are opening new locations, including Burlington stores. The New Jersey-based retailer has over 1,100 stores across 46 states, Washington D.C. and Puerto Rico. The discount department store plans to open about 100 new locations by the end of 2025, Executive Vice President and Chief Financial Officer Kristin Kendrick Wolfe told USA TODAY on June 9. So far this year, Burlington Stores, formerly Burlington Coat Factory, has opened 22 locations in both rural communities and major metropolitan areas, Wolfe said. Burlington recently acquired at least 12 former Big Lots stores in Connecticut after Big Lots filed for bankruptcy. Bill Read, executive vice president of commercial real estate firm Retail Specialists, shared a list of the stores in March. Here's what Burlington shoppers need to know about the company's expansion. Where are the latest Burlington stores opening? According to Burlington's website, the company is opening a slew of stores in 2025. Opening June 27: Mesa, Arizona: 2840 E Main St. Suite 109 2840 E Main St. Suite 109 Manchester, Connecticut: 1470 Pleasant Valley Road 1470 Pleasant Valley Road Clifton Heights, Pennsylvania: 713 E Baltimore Ave. Opening July 4: Fajardo, Puerto Rico: 150 Carr. 940 Opening July 11: Tampa, Florida: 2160 E Fowler Ave. 2160 E Fowler Ave. Islandia, New York: 1730 Veterans Memorial Highway 1730 Veterans Memorial Highway Houston, Texas: 516 Gulfgate Center Mall Opening July 25: Tucson, Arizona: 7160 E Broadway Blvd. 7160 E Broadway Blvd. Garden Grove, California: 9661 Chapman Ave. 9661 Chapman Ave. Miami Lakes, Florida: 16000 NW 57th Ave. 16000 NW 57th Ave. Brunswick, Georgia: 197 Golden Isles Plaza 197 Golden Isles Plaza Chicago, Illinois: 1424 W 47th St 1424 W 47th St Milford, Massachusetts: 230 Fortune Blvd. 230 Fortune Blvd. Brighton, Michigan: 8467 W Grand River Ave. 8467 W Grand River Ave. Burton, Michigan: 4153 E Court St. 4153 E Court St. Columbia, Missouri: N. Stadium Boulevard (address TBD) N. Stadium Boulevard (address TBD) Carson City, Nevada: 911 Topsy Lane 911 Topsy Lane Bartlett, Tennessee: 6015 Stage Road 6015 Stage Road San Antonio, Texas: 3143 SE Military Drive 3143 SE Military Drive San Antonio, Texas: 4807 W Commerce St. 4807 W Commerce St. Vancouver, Washington: 7809-B Unit #102 NE Vancouver Plaza Drive Opening July 18: Fort Pierce, Florida: 2011 S US Highway 1 2011 S US Highway 1 Spokane, Washington: 5628 N Division St. Opening Aug. 8: San Antonio, Texas: 11650 Bandera Road 11650 Bandera Road Texas City, Texas: 3405 Palmer Highway Opening Aug. 15: Calumet City, Illinois: 470 River Oaks W 470 River Oaks W Salina, Kansas: 2450 S 9th St. 2450 S 9th St. Garner, North Carolina: 2580 Timber Drive 2580 Timber Drive Amarillo, Texas: 2510 S Soncy Road 2510 S Soncy Road McAllen, Texas: 724 E Expressway 83 So far in 2025, Burlington has opened stores in Arizona, California, Florida, Illinois, Indiana, Massachusetts, North Carolina, Pennsylvania, Texas, Washington and Wisconsin. A full list of anticipated openings can be found at What's happening in 2026? Once 2025 wraps up, Burlington plans to expand more in 2026, Wolfe said. "In fact, Burlington is on track to grow to 2,000 stores nationwide," Wolfe said in a statement. "We're excited to keep growing and bringing amazing deals on top brands to shoppers across the country." Each new store will include Burlington's new store layout and the company's new motto that reads "Deals. Brands. WOW!" "The refreshed store layout provides a better and more enjoyable shopping experience, making it easier for consumers to discover deals and savings on their favorite brands," Wolfe said. All new stores have the latest format, while half of the brand's locations have already been converted. The rest of the company's locations will be converted by the end of 2026, Wolfe said. Contributing: Melina Khan Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@
Yahoo
3 days ago
- Business
- Yahoo
At Home closing? Bankruptcy puts dozens of stores at risk of shutting down
At Home, the big-box home decor and furnishings brand, is the most recent in a series of home goods stores, including Big Lots and True Value, to file for bankruptcy in recent months. Today, the company announced that it is seeking Chapter 11 protection after tariff-related costs, inflation, and reduced foot traffic have taken a bite out of sales. Pentagon Pizza Index: The theory that surging pizza orders signal global crises 5 signals that make you instantly more trustworthy at work What's behind the rise in interim CEOs The company, which is owned by Hellman & Friedman and operates 260 stores across the U.S., has entered an agreement with its lenders that's intended to help eliminate the company's $2 billion in debt while providing $200 million in new funding to keep the brand afloat during the restructuring process. CEO Brad Weston said in a press release that At Home is operating against a 'rapidly evolving trade environment as we navigate the impact of tariffs' and that the changes are intended to help the company compete in a more volatile marketplace. At Home's financial woes come on the back of closures for several similar brands. In 2024, the discount retailer Big Lots also filed for Chapter 11 bankruptcy and planned to close all of its 800 locations before it was ultimately purchased and kept afloat by a new owner (though at a much smaller scale). And this May, the beloved arts-and-crafts retailer Joann's closed its doors permanently after a drawn-out bankruptcy process. Now, At Home will be the latest home goods retailer to attempt to keep its doors open as it navigates the bankruptcy process. Currently, At Home employs over 7,000 workers across 40 states. According to a bankruptcy court filing, the brand has struggled over the past several years due to 'reduced foot traffic in stores, heightened competition from comparable and off-price retailers offering substantial discounts, and a disparity between inventory and customer demand.' Over the last year, At Home has already closed six stores, but it reports that several remaining stores are still operating at 'suboptimal performance levels.' To turn things around, At Home reported that it will begin by transitioning ownership of the company to its lenders, who are shouldering more than 95% of its debt. The restructuring is also expected to result in several store closures. Per the filing: 'Ultimately, the Debtors' management team and advisors determined that it is appropriate to commence closings of 26 underperforming brick-and-mortar stores, with the potential to close additional underperforming stores in the future.' The 26 stores are expected to be sold and vacated by September 30, 2025. Here are the stores that are expected to close: 750 Newhall Dr., San Jose, CA 2505 El Camino Real, Tustin, CA 2200 Harbor Blvd., Costa Mesa, CA 3795 E Foothills Blvd., Pasadena, CA 1982 E 20th St., Chico, CA 26532 Towne Center Dr., Suites A-B, Foothill Ranch, CA 2900 N. Bellflower Blvd., Long Beach, CA 8320 Delta Shores Circle S., Sacramento, CA 14585 Biscayne Blvd., North Miami, FL 5203 W. War Memorial Dr., Peoria, IL 13180 S. Cicero Ave., Crestwood, IL 300 Providence Highway, Dedham, MA 571 Boston Turnpike, Shrewsbury, MA 2820 Hwy. 63, South Rochester, MN 905 S 24th St. W., Billings, MT 1361 NJ-35, Middletown Township, NJ 461 Route 10, East Ledgewood, NJ 301 Nassau Park Blvd., Princeton, NJ 6135 Junction Blvd., Rego Park, NY 300 Baychester Ave., Bronx, NY 720 Clairton Blvd., Pittsburgh, PA 8300 Sudley Rd., Manassas, VA 19460 Compass Creek Pkwy., Leesburg, VA 1001 E Sunset Dr., Bellingham, WA 2530 Rudkin Rd., Yakima, WA 3201 North Mayfair Rd., Wauwatosa, WI This post originally appeared at to get the Fast Company newsletter: Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
26 At Home stores are closing in bankruptcy. What about Florida?
Warehouse home goods retailer At Homes is closing 26 "underperforming" stores as it joins the ranks of retailers filing bankruptcy to restructure. Texas-based At Home filed for Chapter 11 bankruptcy on Monday, June 16, as a result of "broader economic and retail-specific market pressures," court documents reveal. As a result, 26 stores, from California to New York, will close by Sept. 30. One of them is in Florida. The bankruptcy filing and store closures come after several other big box retailers have done the same this year, including Big Lots, Joann Fabrics, Kohl's, JCPenney, Macy's and Party City (although Big Lots is making a comeback). How will this impact you? Here's what to know. Court documents list the following locations to be closed in 2025: CALIFORNIA Chico: 1982 E. 20th St. Costa Mesa: 2200 Harbor Blvd. Foothill Ranch: 26532 Towne Center Drive Suites A-B Long Beach: 2900 N. Bellflower Blvd. Pasadena: 3795 E. Foothills Blvd. San Jose: 750 Newhall Drive Tustin: 2505 El Camino Real Sacramento: 8320 Delta Shores Circle South FLORIDA North Miami: 14585 Biscayne Boulevard ILLINOIS Crestwood: 13180 S. Cicero Ave. Peoria: 5203 W. War Memorial Drive NEW JERSEY Middletown Township: 1361 NJ-35 Princeton: 301 Nassau Park Blvd. Ledgewood: 461 Route 10 East NEW YORK Rego Park: 6135 Junction Blvd. Bronx: 300 Baychester Ave. MASSACHUSETTS Dedham: 300 Providence Highway Shrewsbury: 571 Boston Turnpike MINNESOTA Rochester: 2820 Highway 63 South MONTANA Billings: 905 S 24th St. West PENNSYLVANIA Pittsburgh: 720 Clairton Blvd. VIRGINIA Leesburg: 19460 Compass Creek Parkway Manassas: 8300 Sudley Road WASHINGTON: Bellingham: 1001 E. Sunset Drive Yakima: 2530 Rudkin Road WISCONSIN Wauwatosa: 3201 N. Mayfair Road The company is also closing six "non-operational" locations in Redding, California; St. Paul, Minnesota, Clackamas and Salem, Oregon; and Everett and Lacey, Washington. According to court documents, At Home will close its 26 initial stores by Sept. 30, 2025. "There are no changes to return policies, Insider Perks program, or gift cards, online and at all continuing stores," then company said on its restructuring webpage. Business is expected to continue as normal for customers, employees and vendors for the remaining stores. Court documents state that rising interest rates, "persistent inflation" and a growing concern over unsustainable customs costs resulting from increased tariffs, led At Home to file for bankruptcy. At Home has already closed six stores over the past year. "Given the expenses associated with brick-and-mortar operation and the issues affecting the retail industry, a number of the (At Home) remaining stores are operating at sub-optimal performance levels," court documents reveal. As part of the bankruptcy filing, ownership of At Home will be transferred to a group of hedge funds and investment firms based in New York City, New York and San Francisco, California, as outlined in a news release. The planned restructuring is expected to "eliminate substantially all of the Company's nearly $2 billion in funded debt" and provide a capital infusion of $200 million to get through the restructuring process. At Home currently lists 12 locations in Florida, not including the Miami location set to close. Clearwater: 25813 US Highway 19 N Clermont: 1002 East State Road 50 Ellenton: 6126 US-301 Fort Myers: 10083 Gulf Center Drive Kendale Lakes: 14091 SW 88th St. Kissimmee: 3003 W Vine St. Lake Mary: 3750 Flagg Lane Lutz: 2160 Grand Cypress Dr Orange Park: 1919 Wells Road Orlando: 11100 E Colonial Dr. Palm Beach Gardens: 100 Gander Way St Petersburg: 4501 66th St. At Home, which has operated for nearly 50 years, currently has 260 locations in 40 states. This article originally appeared on Palm Beach Post: At Home closing stores. Florida closings, locations after bankruptcy
Yahoo
3 days ago
- Business
- Yahoo
26 At Home stores are closing in bankruptcy. What about Florida?
Warehouse home goods retailer At Homes is closing 26 "underperforming" stores as it joins the ranks of retailers filing bankruptcy to restructure. Texas-based At Home filed for Chapter 11 bankruptcy on Monday, June 16, as a result of "broader economic and retail-specific market pressures," court documents reveal. As a result, 26 stores, from California to New York, will close by Sept. 30. One of them is in Florida. The bankruptcy filing and store closures come after several other big box retailers have done the same this year, including Big Lots, Joann Fabrics, Kohl's, JCPenney, Macy's and Party City (although Big Lots is making a comeback). How will this impact you? Here's what to know. Court documents list the following locations to be closed in 2025: CALIFORNIA Chico: 1982 E. 20th St. Costa Mesa: 2200 Harbor Blvd. Foothill Ranch: 26532 Towne Center Drive Suites A-B Long Beach: 2900 N. Bellflower Blvd. Pasadena: 3795 E. Foothills Blvd. San Jose: 750 Newhall Drive Tustin: 2505 El Camino Real Sacramento: 8320 Delta Shores Circle South FLORIDA North Miami: 14585 Biscayne Boulevard ILLINOIS Crestwood: 13180 S. Cicero Ave. Peoria: 5203 W. War Memorial Drive NEW JERSEY Middletown Township: 1361 NJ-35 Princeton: 301 Nassau Park Blvd. Ledgewood: 461 Route 10 East NEW YORK Rego Park: 6135 Junction Blvd. Bronx: 300 Baychester Ave. MASSACHUSETTS Dedham: 300 Providence Highway Shrewsbury: 571 Boston Turnpike MINNESOTA Rochester: 2820 Highway 63 South MONTANA Billings: 905 S 24th St. West PENNSYLVANIA Pittsburgh: 720 Clairton Blvd. VIRGINIA Leesburg: 19460 Compass Creek Parkway Manassas: 8300 Sudley Road WASHINGTON: Bellingham: 1001 E. Sunset Drive Yakima: 2530 Rudkin Road WISCONSIN Wauwatosa: 3201 N. Mayfair Road The company is also closing six "non-operational" locations in Redding, California; St. Paul, Minnesota, Clackamas and Salem, Oregon; and Everett and Lacey, Washington. According to court documents, At Home will close its 26 initial stores by Sept. 30, 2025. "There are no changes to return policies, Insider Perks program, or gift cards, online and at all continuing stores," then company said on its restructuring webpage. Business is expected to continue as normal for customers, employees and vendors for the remaining stores. Court documents state that rising interest rates, "persistent inflation" and a growing concern over unsustainable customs costs resulting from increased tariffs, led At Home to file for bankruptcy. At Home has already closed six stores over the past year. "Given the expenses associated with brick-and-mortar operation and the issues affecting the retail industry, a number of the (At Home) remaining stores are operating at sub-optimal performance levels," court documents reveal. As part of the bankruptcy filing, ownership of At Home will be transferred to a group of hedge funds and investment firms based in New York City, New York and San Francisco, California, as outlined in a news release. The planned restructuring is expected to "eliminate substantially all of the Company's nearly $2 billion in funded debt" and provide a capital infusion of $200 million to get through the restructuring process. At Home currently lists 12 locations in Florida, not including the Miami location set to close. Clearwater: 25813 US Highway 19 N Clermont: 1002 East State Road 50 Ellenton: 6126 US-301 Fort Myers: 10083 Gulf Center Drive Kendale Lakes: 14091 SW 88th St. Kissimmee: 3003 W Vine St. Lake Mary: 3750 Flagg Lane Lutz: 2160 Grand Cypress Dr Orange Park: 1919 Wells Road Orlando: 11100 E Colonial Dr. Palm Beach Gardens: 100 Gander Way St Petersburg: 4501 66th St. At Home, which has operated for nearly 50 years, currently has 260 locations in 40 states. This article originally appeared on Palm Beach Post: At Home closing stores. Florida closings, locations after bankruptcy
