The Edmond Sun

Business

July 13, 2012

Retail store Big Lots to move in on Broadway

EDMOND — Closeout retail store Big Lots is returning to Edmond. The Edmond Economic Development Authority showed in its May 16-30 online lease listings that the store will go in where electronics store Conn’s was at 1600 S. Broadway.

Mark Inman, senior vice president of real estate corporation CB Richard Ellis of Oklahoma, said the 30,912-square-foot building will be a good fit for the popular store.

“It’s great location, it’s the geographic center of Edmond retail,” Inman said. “It should perform well for them.”

Inman said the store should open later in the summer or fall.

Big Lots Inc., or BIG on the New York Stock Exchange, is a retail store with more than 1,400 stores in the United States and Canada, according to the company’s website. Seventeen stores are in Oklahoma.

The retailer ended trading on Wall Street at 40.62, which was down from its opening value of 40.95. Its stock has been trending upward since its value fell about 24 percent on April 24. Prior to that it had gotten as high as about 47 points on March 27.

Multiple calls made to the retailer were not returned for comment.

Although the store has had a little fluctuation in recent months, Toni Weinmeister from the Edmond Economic Development Authority said the return of the retailer will pour more sales tax into the city.

“We know since (Big Lots) left Edmond the first time that they were interested in returning to Edmond,” she said. “They just wanted a different location.”

Big Lots used to be at the corner of South Kelly Avenue and West Edmond Road, but closed about five years ago.

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