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.

Big Lots Inc. has a new owner and operator. Big Lots Inc. has a new owner and operator. The acquisition by Boston-based Gordon Brothers has closed, putting the long-time Columbus retailer in the hands of the retail-focused investment firm.

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 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.

After Big Lots announced at the end of 2024 that it is going out of business, Carson City and Sparks locations prepare to shut their doors.

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.

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

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Another retailer is joining the likes of Big Lots, Party City and more in filing for bankruptcy. But its stores are open – for now.