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Biography. 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. That big business is Big Lots.
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.
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...
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
Sep 1, 2024 · With cash reserves topped off and brisk sales continuing, Big Lots finds itself in one of the healthiest operational positions since its 1980s IPO and rapid expansion under Sol Shenk. Who Steers This Retail Ship Today?
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.
Nov 6, 1982 · The businessman, Sol A. Shenk, who is president of Consolidated International Inc. in Columbus, has some experience in making failing auto concerns profitable: He bought what remained of the...
