Tag: Unfolds

  • Allegheny Township Big Lots appears to be in jeopardy as partial liquidation unfolds


    The future of Big Lots’ footprint in Western Pennsylvania remains unclear, but it’s not looking good for the Allegheny Township location.

    Its lease was recently available for transfer, which is a sign it could close as part of the struggling bargain retailer’s acquisition by a Boston-based asset liquidation firm.

    Locations in North Versailles, West Mifflin and Whitehall also made the list posted earlier this month by buyer Gordon Brothers Retail Partners, along with roughly 460 other stores in 47 states.

    The stores are mostly located in shopping plazas and range in size from about 19,000 to 55,000 square feet, the firm noted on the sale website.

    David Rosen, Big Lots’ landlord in Allegheny Township, did not immediately return a request for comment. The company is the last tenant in Rosen’s shopping plaza off Route 56.

    Will others be spared?

    The other 20-or-so Big Lots stores in Western Pennsylvania may have better prospects.

    Stores in Harrison, Hempfield, Monroeville, Penn Hills, Ross Township, Unity and other areas could stay open as part of 200 to 400 unnamed locations transferred to North Carolina-based Variety Wholesalers through the deal with Gordon Brothers.

    Up to two distribution centers, including the one in Tremont, Pa., could be saved, too.

    Variety Wholesalers, which operates more than 400 stores in the U.S. — mostly under the Roses and Roses Express names — has said it plans to run its latest acquisitions as Big Lots and may retain employees in the process.

    In a statement announcing the sale, Big Lots President and CEO Bruce Thorn said the deal presents the “strongest opportunity to preserve jobs, maximize value for the real estate and ensure continuity of the Big Lots brand.”

    The company has been seeking a buyer for many months and filed for bankruptcy protection in September.

    Gordon Brothers emerged as a buyer after Nexus Capital Management backed out of a sale agreement.

    Messages left with Gordon Brothers and Variety Wholesalers seeking location-specific information were not immediately returned.

    The Big Lots website seems to indicate nothing is final.

    A banner reads: “All stores closing: now save up to 40% entire store.”


    Jack Troy is a TribLive reporter covering the Freeport Area and Kiski Area school districts and their communities. He also reports on Penn Hills municipal affairs. A Pittsburgh native, he joined the Trib in January 2024 after graduating from the University of Pittsburgh. He can be reached at jtroy@triblive.com.



    It seems that the Big Lots store in Allegheny Township may be in jeopardy, as a partial liquidation sale is currently underway. Customers have noticed signs throughout the store advertising discounts on various items, leading to speculation that the store may be closing its doors for good.

    The news has caused concern among residents who rely on the store for affordable household goods and other necessities. Many have expressed their disappointment on social media, with some even starting a petition to save the store.

    While there has been no official announcement from Big Lots regarding the fate of the Allegheny Township location, the signs of a liquidation sale are certainly cause for concern. Residents are encouraged to show their support for the store by shopping there and spreading the word about the potential closure.

    Stay tuned for updates on this developing story as more information becomes available.

    Tags:

    1. Allegheny Township Big Lots
    2. Big Lots liquidation
    3. Allegheny Township store closure
    4. Big Lots financial troubles
    5. Allegheny Township retail news
    6. Big Lots store liquidation
    7. Allegheny Township business updates
    8. Big Lots closure rumors
    9. Allegheny Township retail industry
    10. Big Lots financial challenges

    #Allegheny #Township #Big #Lots #appears #jeopardy #partial #liquidation #unfolds

  • Artificial Intelligence: The Future Unfolds

    Artificial Intelligence: The Future Unfolds


    Price: $6.99
    (as of Dec 24,2024 10:37:41 UTC – Details)




    ASIN ‏ : ‎ B0DPMZS24H
    Publication date ‏ : ‎ December 4, 2024
    Language ‏ : ‎ English
    File size ‏ : ‎ 302 KB
    Simultaneous device usage ‏ : ‎ Unlimited
    Text-to-Speech ‏ : ‎ Enabled
    Screen Reader ‏ : ‎ Supported
    Enhanced typesetting ‏ : ‎ Enabled
    X-Ray ‏ : ‎ Not Enabled
    Word Wise ‏ : ‎ Not Enabled
    Print length ‏ : ‎ 5 pages


    Artificial Intelligence: The Future Unfolds

    Artificial intelligence (AI) has been a hot topic in recent years, with advancements in technology pushing the boundaries of what is possible. From self-driving cars to virtual assistants, AI is changing the way we live and work.

    But what does the future hold for AI? As the technology continues to evolve, we can expect to see even more impressive innovations. AI is already being used in healthcare to help diagnose diseases and develop personalized treatment plans. In the field of finance, AI is being used to detect fraud and make investment decisions.

    In the coming years, we can expect to see AI being used in even more industries, from education to agriculture. The possibilities are endless, and the future of AI is sure to be exciting.

    However, there are also concerns about the impact of AI on the job market and society as a whole. As AI becomes more advanced, there is a fear that it could replace human workers in many industries. There are also ethical concerns about the use of AI, such as bias in algorithms and invasion of privacy.

    Despite these challenges, the future of AI is bright. With proper regulation and oversight, AI has the potential to revolutionize the way we live and work. As the technology continues to unfold, we can expect to see even more impressive advancements in the field of artificial intelligence.
    #Artificial #Intelligence #Future #Unfolds

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