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Big Lots is closing its last Clark County store; Opened 5 years ago in the former Orchards Safeway location
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Big Lots is closing its last Clark County store; Opened 5 years ago in the former Orchards Safeway location

Big Lots recently announced it is closing its last retail location in Clark County. application to court.

11696 NE 76th St. The Orchards store at has no closing date. Opened in 2019 after Safeway movedIt anchors a shopping center that includes a Dollar Tree and several small businesses.

The Ohio-based retailer closed its east Vancouver location near New Seasons in Fisher’s Landing earlier this year.

Another Big Lots was previously located in the Vancouver Village shopping center near the Vancouver Mall, but it closed in 2012.

Big Lots joins a growing number of national brands closing locations in Clark County. Dollar Tree and Party City closed their east Vancouver locations earlier this year, while brands like The Body Shop and Bed Bath and Beyond closed entire locations nationwide.

Large lots applied Chapter 11 Bankruptcy Sept. 9, with investment firm Nexus Capital Management acting as a “tracking bidder.” The finance term describes a bidder who will set a low bidding bar so that other bidders cannot bid lower than the purchase price for a bankrupt company.

Despite numerous corporate retail bankruptcies, Clark County’s retail vacancy rate remained well below the national rate (10.3 percent) in the third quarter. Moody’s Analytics.

Clark County’s rate is closer to 3 percent.

As chain stores moved, so did others.

Trader Joe’s It opened its third Clark County store last month in the former Bed Bath and Beyond in east Vancouver. Urban Air Adventure Park recently opened in Vancouver Plaza in what was formerly the Walmart Neighborhood Market. And Japanese discount retailer Daiso recently opened in two previously vacant storefronts.

Mark Osborne, chief real estate officer at Vancouver-based CE John, told The Columbian earlier this year that Washington and Clark County are attractive to a variety of global, regional and local companies. CE John owns several hundred thousand square feet of commercial real estate in the county, almost all of which is leased.