Despite the fact that Big Lots has been there since the mid-1990s, the company has gone by a number of different names during its history.
You may question what Big Lots used to be named because of the advent of various brand names and the changeover of some well-known stores into Big Lots. Let me tell you about what I found.
In 2022, what will Dig Big Lots be called?
Big Lots was formerly known as the Consolidated Stores Corporation prior to its current name. Closeout stores like Odd Lots, Big Lots, Mac Frugal’s Bargains, and Pic ‘N Save were once operated by the Consolidated Stores Corporation. As a result of Big Lots’ popularity, the firm decided to rebrand all of its stores as Big Lots in 2022.
Why did Big Lots alter its name to what we know it as today? Continue reading to discover out!
What Was the Original Name of the Big Lots Store?
Consolidated Stores Corporation was the store’s original name before it changed to Big Lots. Sol Shenk established the Consolidated Stores Corporation in 1967, which operated a chain of closeout shops by the same name until its demise in 1993.
Consolidated International Inc. was formed in 1970, and the Odd Lots/Big Lots closeout business was founded in 1982.
The company’s operations increased dramatically over time, resulting in the opening of more closeout outlets under various brand names.
As a result, Consolidated International Inc. operated under the brand names of Odd Lots, Big Lots, Pic N’ Save, and Mac Frugal’s Bargains Closeouts, among others.
What Is Big Lots’ Origin?
At a time when Consolidated International Inc. was operating stores under a variety of brand names, the “Big Lots” brand name was a popular one.
Because of this, the corporation seized the opportunity to boost sales and profits.
Is it true that Pick N Save has become Big Lots?
Pick N Save morphed into Big Lots after a number of years in existence. Pick N’ Save Corporation started off as one of the largest closeout shops in the United States of America.
Due to internal financial issues, the company had to close a number of locations and rebrand the surviving ones Mac Frugal’s.
One of Consolidated Stores Corporation’s closing stores was Mac Frugal’s in 1997. Later, Consolidated Stores Corporation renamed Pick N’ Save and other closeout stores into Big Lots.
To be clear, the Big Lots Pick N’ Save store is not the same store as the Pick N’ Save operated by Roundy’s Supermarkets, which has been renamed as Big Lots.
In what year did Pick n Save become Big Lots?
It was in 2001 that the firm chose to merge all of its store names and company identities, including Pick N’ Save, into one nationwide brand known today as Big Lots.
Because of the brand’s growing popularity in retail, the decision was made to change its name to Big Lots. Thus, a common name would assist the organization acquire a national view and consistency in the market area by establishing a strong brand identity.
Is there a store like Big Lots that existed before?
Consolidated International Inc. was the store that preceded Big Lots. Consolidated International Inc. consolidated multiple closeout stores under its umbrella, which is how today’s Big Lots got its start, rather than a single location.
Is There a Time Limit on the Growth of Big Lots?
This change was made in 2001 when Big Lots’ parent company Consolidated International Inc. renamed all of its closeout outlets as well as Odd Lots.
What Happened to Mac Frugal’s Before Big Lots?
Several of Mac Frugal’s stores were shut down and the remaining Mac Frugal’s locations were sold to Consolidated Stores Corporation in 1997 for $995 million in stock before they became Big Lots.
Big Lots locations were rebranded by Consolidated International Inc., though. In addition to this, the company’s appearance and customer service improved as a result of the name change.
In addition, Mac Frugal’s product offerings have stayed unchanged.
Mac Frugal’s Sold What Before Becoming Big Lots?
Before it became Big Lots, Mac Frugal’s sold a wide range of everyday necessities, including housewares, food, stationery, apparel, and even toys.
When Consolidated International Inc. chose to rebrand all of its closeout stores as one national brand, Big Lots, the corporation was known as Big Lots. Closeout establishments were renamed due to the name’s widespread recognition among customers.
Odd Lots, Pick N’ Save, and Mac Frugal’s bargain closeout stores have also been rebranded as Big Lots.