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.

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:

The company that bought Big Lots in December has announced it will sell its remaining locations in Arizona. Here's which locations are affected.

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.

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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.

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 several Connecticut locations.

The implosion of Big Lots has resulted in hundreds more locations going up for sale, including more than a dozen in the Dallas-Fort Worth area.

The company helping Big Lots through its bankruptcy process is selling the leases of six stores across Tennessee. In September, Big Lots announced it was filing for chapter 11 bankruptcy and it would close over 300 stores in addition to the originally planned 35 to 40 store closures.

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