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KAY GALLANT: As automobiles helped Americans spread out, the radio helped bring them closer together. They moved to open areas outside cities: suburbs. Many people and businesses moved out of crowded, noisy cities. Trucks made it easy for goods to be transported. Together, these developments put America on the move as never before.Īutomobiles made it easy for Americans to travel. They were low enough in cost so many Americans could buy them. HARRY MONROE: Some of the most important changes came as a result of the automobile and the radio.Īutomobiles began to be mass-produced. This week in our series, Harry Monroe and Kay Gallant tell more about the technological and social changes that took place in the United States in the early nineteen twenties. It also brought great changes in American society. Technology made it possible for millions of people to improve their lives. In the years after World War One, new technologies changed America.
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Retrieved October 25, 2014.Or download MP3 (Right-click or option-click and save link)ĪNNOUNCER: Welcome to THE MAKING OF A NATION - American history in VOA Special English. "Big Lots to shut down wholesale division". ^ "Big Lots closing up to 170 stores".On August 3, 2006, Big Lots announced that it would change its New York Stock Exchange ticker symbol from BLI to BIG, beginning with trading activity on August 18, 2006.
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In the later part of 2005, Big Lots closed 170 stores, including all free-standing Big Lots Furniture specialty stores. sold the KB Toys and Toy Liquidators lines to private equity shops. bought out 'MacFrugals' ( Pic 'N' Save) stores for $995 million in stock, eventually converting them to the Big Lots brand. purchased KB Toys from Melville Corporation in 1996 ironically, shortly afterward Melville purchased Revco and folded it into the CVS Pharmacy chain on its way to eventually becoming CVS Health, making the "Odd Lots" dispute moot. Looking to expand further into the toy business, Consolidated Stores Corp. acquired Toy Liquidators, adding 82 stores in 38 states. This unusual excess inventory acquisition is commemorated on the Big Lots website's "Closeout Museum" page. Consolidated took possession of approximately 100 DeLorean models, then still at the factory in Northern Ireland, when the U.S. was an investor in the DeLorean Motor Company, which declared bankruptcy in 1982. switched to the New York Stock Exchange, trading under the symbol CNS. began trading as a separate public company on the American Stock Exchange. Eventually, all Odd Lots stores were rebranded as Big Lots. Beyond the radius, Consolidated began opening stores under the Big & Small Lots name. agreed to limit their use of the Odd Lots name to stores located within a certain radius of Columbus. As Consolidated's Odd Lots stores expanded from Columbus, Revco took issue with the fact that another closeout retailer was operating a chain with national aspirations that had a similar name as the Revco-owned subsidiary.
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In 1983, drug store chain Revco bought New Jersey closeout retailer Odd Lot Trading Co. opened its first closeout store, called Odd Lots, in Columbus, Ohio. The Big Lots chain traces its history back to 1967 when Consolidated Stores Corporation was formed in Ohio by Sol Shenk.