| Industry | Retail |
|---|---|
| Fate | Acquired by Big Lots |
| Founded | 1950 |
| Defunct | 2002 |
| Headquarters | Culver City, California, USA |
| Key people | William Zimmerman |
| Products | Closeout products |
| Website | None |
Pic 'N' Save was, at one time, the second-largest closeout retail chain in the United States. Financial troubles caused the chain to close many of the markets in the late-1990s and early-2000s.
William Zimmerman founded Pic 'N' Save Corporation in 1950 in Culver City, California. By 1985, it operated 90 stores in California and six other Western U.S. states. In 1991, the company changed its name to MacFrugals. It later expanded to the Southwest and the South, and left both markets in the late 1990s. In 2002, Big Lots (formerly Consolidated Stores Corporation) bought out the remaining 'MacFrugals' stores for $995 million in stock and converted them into the Big Lots brand.