Some Big Lots stores reopening under new ownership this week

close video How is the retail sector performing amid market volatility? SW Retails Advisors' Stacey Widlitz analyzes why retail spending is up less than expected in February on 'The Claman Countdown.' Variety Wholesalers is looking to open a handful of Big Lots locations on Thursday in the first of "four waves of openings" it has planned for the discount retailer’s stores it bought. The company detailed the plan late last week, saying the "first wave" will include nine stores across Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Virginia.Customers can expect "remodeled stores, a large selection of closeout deals and new merchandise categories" when those Big Lots locations restart operations Thursday, according to Variety Wholesalers. A Big Lots store on June 7, 2024, in Hercules, California. (Justin Sullivan / Getty Images)Variety Wholesalers’ announcement about the upcoming reopenings comes three months after bankrupt Big Lots said its "sale agreement" with Gordon Br...