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Sep 1, 1994 · Sol A. Shenk, who built a single surplus outlet in Columbus, Ohio, into the Consolidated Stores Corporation, an empire with more than 700 stores and annual sales of $1.1 billion, died...
2021 revenue: $6.2 billion. Worldwide employment: 23,350. Ranked 515 in the 2022 Fortune 500. Shenk built his fortune with a series of strategic buyouts including bankrupt companies and overstock. He was ahead of his time and unafraid to adapt to changing markets. Sol A. Shenk led a very fruitful life.
Big Lots Stores, Inc. (stylized as Big Lots!) is an American discount retail chain headquartered in Columbus, Ohio, United States. [4] History. The Big Lots chain traces its history back to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk.
Sol Shenk founded the company in 1967 that is now Big Lots. Shenk loved making crazy closeout deals, particularly on auto parts and all kinds of vehicles. In 1970 the company began operating as Consolidated International. Consolidated launched the Odd Lots/Big Lots closeout chain in 1982.
Apr 21, 2024 · The story of Big Lots begins with its founder, Sol Shenk, a visionary entrepreneur who recognized the potential of the closeout retail market.
Sol Shenk: October 15, 1911 – August 30, 1994. Sol Shenk with the last De Lorean built. Sol, a Russian immigrant to the United States, started a business in 1967 selling closeout and overstock car parts. The business, Consolidated Stores….
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1967: Sol Shenk opens his first discount wholesale and retail store, focusing on auto parts. 1967- 1971: Shenk's stores grow into a small chain of Corvair Auto Stores. 1982: Consolidated Stores Corporation opens its first Odd Lots closeout store. 1985: Consolidated Stores goes public with a $33.4 million stock offering.
