Report: Big Lots Expands in the Twin Cities
Ohio-based discount retailer Big Lots is reportedly expanding in the Twin Cities and will open three new stores by the end of the year.
According to the Star Tribune, Big Lots is opening stores in Maple Grove, Eagan, and Woodbury.
Bob Minks, a senior associate with Welsh Companies who brokered the deals, told the Star Tribune that Big Lots previously had several stores in the Twin Cities area, but they failed because “they were not good real estate.”
Minks said that the company came back a year and a half ago and indicated it wanted to take another run at the Twin Cities market.
According to the Minneapolis newspaper, the biggest of the three new stores-31,000 square feet-will be in a rehabilitated former Target store at Maple Grove's Dunkirk Square. The second new location-which will be 27,000 square feet-will take over the space that will soon be vacated by Office Depot in Eagan Town Center. The third new store will be in Woodbury's Tamarack Village and will be about 7,000 square feet.
Minks told the Star Tribune that he is actively looking for two more locations for Big Lots and that the company is looking at ultimately putting 12 to 15 stores in the Twin Cities market.
The retailer currently has two stores here in Minnesota-one in Brooklyn Center and another in St. Louis Park.
According to its most recent annual report, Big Lots has 1,398 stores in 48 states. Its revenue exceeds $4.95 billion.
Click here to read more in the Star Tribune about the company's local expansion plans.