Big Lots

Big Lots, a prominent American discount retailer, has been serving customers since its founding in 1967 in Columbus, Ohio. Originally known as Consolidated Stores Corporation, the company rebranded to Big Lots in the 1980s, marking a significant shift in its identity. A notable milestone in its history was the acquisition of MacFrugal’s and Pic ‘N’ Save chains in the late 1990s, which played a crucial role in establishing its national footprint.

As of November 2025, Big Lots operates approximately 1,300 stores across 48 states, primarily in suburban and mid-sized markets. The stores are strategically located in power centers and neighborhood shopping centers, offering a diverse range of products including furniture, home décor, seasonal items, food, and everyday essentials. This broad assortment caters to budget-conscious consumers, making Big Lots a popular choice for value-driven shopping.

In recent years, Big Lots has shifted its growth strategy from opening new stores to optimizing its existing portfolio. This includes relocating and remodeling stores to enhance their appeal and profitability. The company has also been selective in opening new stores, focusing on high-potential markets such as Texas, Florida, California, the Midwest, and the Southeast. By consolidating underperforming locations and investing in improved store formats, Big Lots aims to boost traffic and sales.

For commercial real estate professionals, Big Lots is a reliable anchor tenant known for its ability to attract consistent foot traffic. Its flexible store formats and readiness to occupy second-generation retail spaces make it an attractive partner for landlords and developers. This adaptability, combined with its stable presence, enhances the value and vibrancy of shopping centers where Big Lots operates.