Several local Big Lots locations are set to close at the end of the month following the company's filing for bankruptcy and new ownership.
A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double. It’s no secret that 2024 was a tough year for many retailers.
The company buying Columbus-based Big Lots has identified about 500 Big Lots stores, including several in central Ohio, that it plans to close.
The states with the most Big Lots locations up for sale on the list are Texas (72), New York (49) and Florida (44).
Despite striking a last minute sale to save hundreds of stores amid bankruptcy, Big Lots is still eyeing hundreds of store closures under its new owners, Gordon Brothers. The Boston-based investment group recently listed several stores' leases for sale, meaning, these locations will likely not remain open.
The CEO and president of Big Lots in December said the company remained "hopeful" about keeping some stores open.
A real estate agency is selling leases for Big Lots locations across 47 U.S. states. See which locations are in Georgia.
As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are on list of those for sale.
The company that owns the Big Lots brand is selling leases for stores nationwide, it recently said, and numerous Michigan locations are among those affected. Gordon Brothers, which calls itself a global asset expert, currently own Big Lots and is selling leases in 47 states across the country, including in Michigan.
The company that bought Big Lots in December has announced it will sell its remaining locations in Arizona. Here's which locations are affected.
Two of Neenah's newest businesses will include the first ever Ollie's Bargain Outlet in the area when they open in the coming months.