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 acquisition by Boston-based Gordon Brothers has closed, putting the long-time Columbus retailer in the ... The current number includes 83 in Ohio (down from 102 in September) and 14 in Central ...

A buyer acquired the bankrupt Big Lots and will save hundreds of stores. Gordon Brothers, a property liquidator, bought the Columbus-Ohio-based discount retailer out of bankruptcy court and will sell it as a going concern.

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.

From clothing chains to restaurants and furniture stores, dozens of companies went bankrupt in 2024, with multiple filings impacting Ohio consumers. The most recent data available shows bankruptcy filings in America totaled to 504,

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 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.

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Gordon Brothers supported the transaction by helping Big Lots secure a $200 million delayed draw term loan and a $150 million debtor-in-possession term loan.

Big Lots, Inc. (the “Company”) today announced that it has successfully closed its previously announced sale agreement with Gordon Brothers Retail Partners, LLC (“Gordon Brothers”) that will enable Variety Wholesalers,