Big Lots

Big Lots Stores, Inc.
Big Lots
Formerly
  • Consolidated Stores Corp.
    (1967–2000)
Company typePublic
IndustryRetail
FoundedDecember 13, 1967; 57 years ago (1967-12-13), in Columbus, Ohio, U.S. (as Consolidated Stores Corp.)
FounderSol A. Shenk
Headquarters,
U.S.
Number of locations
960 (2025)[2]
Area served
Contiguous United States
Key people
Bruce Thorn[3] (president and CEO)
ProductsFood and Beverage, toys, furniture, clothing, housewares, small electronics
Brandsbiglots.com
K·B Toys (1996–2000)
Toy Liquidators (1994–2000)
RevenueIncrease US$6.15 billion (2021)[4]
Increase US$239.7 million (2021)
Increase US$177.77 million (2021)
Total assetsIncrease US$1.41 billion (2021)
OwnerGordon Brothers
Number of employees
22,900[5] (2018)
ParentGordon Brothers Group (brand)
Variety Wholesalers (stores)
DivisionsBig Lots Wholesale
SubsidiariesLW Stores
Websitewww.biglots.com

Big Lots Stores, Inc. (stylized as Big Lots!) is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio, and includes over 900 locations across the United States.[6]

Big Lots filed for Chapter 11 bankruptcy in October 2024, and later in December, the chain announced that it would cease operations, liquidate, and close all remaining stores. Liquidation sales began in December 2024,[6] and all stores were expected to close in 2025.[7] On December 28, 2024, Big Lots reached an agreement with Gordon Brothers Retail Partners to transfer 200–400 stores and one or two distribution centers to Variety Wholesalers, with the remaining stores to be permanently closed.[8]

  1. ^ Abboud, Mike. "Retail News: Big Lots closing Willowbrook store". Houston Historic Retail. Retrieved November 10, 2024.
  2. ^ "All Big Lots Locations". Big Lots.
  3. ^ "Leadership". Biglots.com.
  4. ^ "Annual Reports". BigLots.com.
  5. ^ "Big Lots". Fortune. Archived from the original on April 14, 2019. Retrieved January 7, 2019.
  6. ^ a b Schwartzberg, Eric (December 23, 2024). "Store closing sales begin at all Big Lots". Dayton Daily News.
  7. ^ Bomey, Nathan; Tyko, Kelly (December 20, 2024). "Big Lots store closings 2025: Retailer plans to close all stores". Axios. Archived from the original on December 20, 2024.
  8. ^ Snider, Mike (December 28, 2024). "Not all Big Lots stores will close: Deal with Gordon Brothers keeps up to 400 open". USA TODAY. Retrieved December 29, 2024.

From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne