As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are for sale. What about Tulare?

The company buying Big Lots has started to narrow down which stores will definitely close, including several Massachusetts locations.

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.

About 500 Big Lots stores are planned to close, including 23 more in Ohio. Here's a look at the latest on the Columbus-based retailer's bankruptcy.

Boston, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, continues to expand and strengthen the firm’s executive group with the promotions of Kyle Shonak to Chief Transaction Officer, North America and Jim Lightburn to Global Head of Commercial & Industrial.

Main Capital Partners portfolio company Pro4all has acquired STA Software, a quality management software provider for the construction industry.

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.

Following the transformation and sale of Laura Ashley in January, Gordon Brothers thinks other high street brands are ripe to be turned into asset-light companies.

DENVER — The new owner of Big Lots is selling more than 500 locations. Boston retail investment firm Gordon Brothers, which acquired the struggling Ohio-based retailer this month, has listed more than 500 Big Lots sites across the country for sale. The list includes four in Colorado totaling 122,485 square feet:

Financing and store and inventory rationalization will support Canadian specialty farm and ranch retailer’s go-forward strategy and continued operationsBoston, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Gordon Brothers,

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 buying Big Lots has started to narrow down which stores will definitely close, including in Rhode Island.