Big Lots is under new ownership after a last-minute sale went through that will seemingly keep hundreds of stores in operation and prevent thousands of layoffs. The Columbus, Ohio-based retailer announced this month it closed a previously announced sale agreement with Gordon Brothers Retail Partners.

The closure of a Big Lots distribution center negatively impacted Central Ohio's industrial market in the fourth quarter of 2024, though analysts remain positive about the region's ability to rebound.

The agreement also notes that the Columbus headquarters could ... and 14 in Central Ohio (down from 17 in September). The Big Lots website still is advertising “all stores closing.”

Wall Street's 2024 boom landed with a whimper in Columbus, where most of the area's 30 publicly traded companies endured a rocky year.

The new owners of Big Lots appear set on closing its stores and moving out of the region. All 12 Big Lots locations in Western New York are on a list of leases the company put up for sale, available on Gordon Brothers Retail Partners' website.

Gordon Brothers' purchase of Big Lots Inc. was completed Jan. 9, according to a press release from the firm, but the agreement was announced Dec. 27. Big Lots filed for Chapter 11 bankruptcy in September and has already closed or sold leases for hundreds of stores as part of that process.

As of last year, Columbus, Ohio-based Big Lots Inc. operated 1,000-plus stores in 48 states, as well as an e-commerce platform with fulfillment and delivery capabilities. The company came in at No. 59 on The PG 100, Progressive Grocer’s 2024 list of the top food and consumables retailers in North America.

Big Lots is under new ownership after a last-minute sale went through that will keep hundreds of stores in operation and prevent thousands of layoffs.

COLUMBUS, Ohio (WCMH) — Big Lots is under new ownership after a last-minute sale went through that will keep hundreds of stores in operation and prevent thousands of layoffs. The Columbus-based ...

The Columbus, Ohio-based retailer announced this month it closed a previously announced sale agreement with Gordon Brothers Retail Partners. The agreement will enable Variety Wholesalers to acquire between 200 and 400 Big Lots stores, which it plans to operate under the Big Lots brand, and up to two distribution centers.

When the company exited bankruptcy in April 2024, it touted its "strongest financial foundation in many years."

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