Revived Big Lots stores to reopen this spring; HomeBuys to acquire central Ohio shop
Mar 24, 2025
COLUMBUS, Ohio (WCMH) -- A North Carolina-based company is resurrecting more than 200 Big Lots stores that closed in the wake of bankruptcy, while HomeBuys is set to acquire one of the chain's central Ohio locations.
About 220 Big Lots stores across 13 states are undergoing liquidation after the
chain filed for bankruptcy last September, in preparation for Variety Wholesalers' plan to renovate and reopen each location before the end of this summer, according to court documents. Nine storefronts are set to relaunch in April, followed by about 60 the first week of May, then 70 later that month, and any remaining locations in June.
Meanwhile, HomeBuys will be taking over two Ohio storefronts, one of which is in Pickerington at 1171 Hill Road North. Several other chains are also buying in, with Aldi purchasing nine locations across eight states, Burlington adding 12 stores across nine states to their collection of 22 Big Lots shops, and Tractor Supply Co. picking up 15 stores across 14 states.
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Ollie's, a discount retailer based in Pennsylvania, announced in late February it purchased 40 more Big Lots storefronts that were marked for closure. The acquisition, which increases Ollie's ownership of Big Lots stores to 63, includes locations nationwide, including four in Ohio. Watch a previous NBC4 report on Ollie's acquisitions in the video player above.
Variety announced it would acquire and revive 200 storefronts when Gordon Brothers Retail Partners bought Big Lots in January, with the initial list of stores including 27 in Ohio and four in the Columbus area.
However, after Ollie's announcement, U.S. Bankruptcy Court in Delaware approved plans for Variety to acquire the leases of just 118 Big Lots stores. Court documents show that Variety's list temporarily shrunk because of landlord objections, stating some of "the landlords have objected, either formally or informally, to one or more aspects of the relief set out."
Since then, Variety and Gordon Brothers said they engaged "in discussions with these landlords regarding potential resolution." Of the 118 that were approved, 14 are in Ohio, including a Reynoldsburg location at 6300 E. Livingston Ave.
Gordon Brothers is reorganizing Big Lots' stores nationwide while also sorting out the chain's Columbus headquarters. In late January, the company entered into an agreement with OhioHealth to sell the retailer's 24-acre corporate headquarters in northeast Columbus for $36 million.
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If approved, the sale would expand OhioHealth's New Albany footprint, as the company already operates an emergency care center and a medical campus with an urgent care along nearby Hamilton Road. Big Lots announced in a city notice last year that 555 employees based at the East Dublin Granville Road headquarters will be terminated. The letter said the "mass layoffs" were expected to begin the week of Dec. 29 and conclude by this April.
Big Lots' December notice of mass layoffs followed another announcement that the chain would begin "going out of business" sales at all of its remaining locations after failing to complete a previously announced $765 million sale to Nexus Capital Management, a private equity firm. ...read more read less