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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 yesterday...
Sol A. Shenk led a very fruitful life. His auto parts wholesale shop in 1967 had transformed into a $1 billion business by the time of his death in 1994. Today, that business is an empire approaching the 1,500-store threshold in the U.S. and Canada.
The Big Lots chain traces its history to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk. [5] In 1982, Consolidated Stores Corp. opened its first closeout store, called Odd Lots, in Columbus, Ohio.
Sol A. Shenk. Sol, a Russian immigrant to the United States, started a business in 1967 selling closeout and overstock car parts. The business, Consolidated Stores, took off when Sol switched to household goods.
- Dave Tavres
In 1967, Sol Shenk founded Consolidated International, Inc. — the company that is now Big Lots. He’s considered one of the true visionaries in the discount retail marketplace. The Art Of The Deal. Sol Shenk loved making extreme closeout deals, particularly on auto parts and vehicles.
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. In 1967, Shenk opened the first Odd Lots store in Columbus, Ohio, with a simple yet innovative business model: purchase excess inventory from manufacturers and retailers and sell it to consumers at ...
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Jul 16, 2024 · Sol Shenk founded what would become Big Lots in 1967. Shenk would buy merchandise, largely auto parts and vehicles, from production overruns and bankruptcies, according to his New York Times obituary published in 1994, which said he was also known for purchasing the remains of DeLorean Motors after its bankruptcy in 1982.
