Ocean State Job Lot Latest Updates
Ocean State Job Lot Latest Updates
Ocean State Job Lot, the mega New England discount chain store, will not open in Ryan’s Market, the old Wickford, North Kingstown building. OSJ PEP Investments purchased Ryan’s Market at 70 Brown St. in the middle of Wickford four months ago, but for almost two years, the 5,200 square foot building has remained dark and empty.
The North Kingstown, Rhode Island store founded in 1886, was one of the oldest operating businesses in the Wickford community before putting the property up for sale in 2007. Increased competition from stores like Dave’s Marketplace and Stop & Shop, have been opening new stores in the area for a while now.
When Ocean State Job Lot bought the property, the people of Wickford thought maybe the old vacant store would renovate and move in. “We have plans,” said Job Lot vice president of operations Richard Portno. “But it is not going to be a Job Lot. It’s way too small,” reported projo.com.
A new 34,000 square foot Ocean State Job Lot is set to open mid-May in Cranston. Compare that to the 5,200 square foot Wickford store, and it’s obvious the mega discount OSJL with 92 stores throughout New England and New York, needs more space than what the old Ryan’s Market can afford.
According to Wikipedia, “Ocean State Job Lot, headquartered in North Kingstown, Rhode Island, is a chain of approximately 96 discount stores operating in Rhode Island, Massachusetts, Connecticut, New Hampshire, Maine, Vermont, and Upstate New York. The chain takes its name from Rhode Island’s nickname, “The Ocean State”. The chain primarily acquires common brand-name goods whose manufacturer is willing to sell them at a loss following overstocking or discontinuation serving as a close-out company similar to Big Lots and Christmas Tree Shops.”
Ocean State Job Lot, the Food Bank’s largest Rhode Island donor, contributed a 30,000 pound truckload to the Summer Food Drive, reported the Rhode Island Foodbank.
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