Big Lots moves out of wholesale, toward groceries, credit

Big_LotsDiscount retailer Big Lots, which is planning a new store on Fort Worth Avenue, announced this week it is getting out of the wholesale business.

The Columbus Business Journal reports that the Ohio-based company “is focusing on new initiatives in its retail stores, including adding more freezers and coolers to stores, starting a furniture financing program and improving its digital and social presence.”

Big Lots has offered business-to-business wholesale since the company started in the mid 1980s. But that side of the business has not been highly profitable for decades, a company spokesman told the newspaper.

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Big Lots has leased the former Minyard’s space on Fort Worth Avenue at Hampton, where a new store currently is under construction.

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