Ollie's Bargain Outlet Taking Over Pittsfield Big Lots
PITTSFIELD, Mass. — The lease for the Big Lots on Dalton Avenue has been purchased by Ollie's Bargain Outlet.
Ollie's, based in Harrisburg, Pa., acquired 40 leases for Big Lots stores and Burlington Stores Inc. another dozen.
Big Lots filed for Chapter 11 bankruptcy last September. It operated nearly 1,400 stores nationwide but began closing more than 300 by August with plans for another 250 by January.
It announced back in December it would be closing the Pittsfield store after a purchase agreement with a competitor fall through.
The closeout retailer moved into the former Price Rite Marketplace on Dalton Avenue in 2021 from Allendale Shopping Center.
Gordon Brothers bought out Big Lots in early January with Variety Wholesalers of Henderson, N.C., acquiring some 200 of the stores to operate them under the Big Lots banner.
Ollie's will now operate 63 former Big Lots, including the one in Pittsfield and another in Rutland, Vt. It operates about 568 stores in 31 states.
Burlington, formerly Burlington Coat Factory, has already planned to open a location in the former Staples in Berkshire Crossing.
In a statement, Ollie's CEO and President Eric van der Valk said the new locations line up well with Ollie's growth strategy.
"Similar to what we have done with previous store acquisitions over the past year, we will adjust our existing new store openings and prioritize the opening of the acquired stores in a manner that makes the most operational and financial sense," he said. "This acquisition, along with the investments we have made to position the company for sustainable long-term growth provides us with the opportunity to accelerate new store openings in 2025 above our 10 percent annual growth target and open approximately 75 units."
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