Big Lots is an American retail company that specializes in selling closeout merchandise and operates its own store chain. The company was founded in 1967 as Consolidated Stores Corporation and changed its name to Big Lots, Inc. in June 2002.
Big Lots is headquartered in Columbus, Ohio, where it also operated its first store. As of January 28, 2017, the company operated 1,415 stores in 47 states.
So, does Walmart own Big Lots? As of now, the answer is no – although Walmart has been rumored to be interested in acquiring the company.
Big Lots has been through a lot of changes over the years, and Walmart has been one of the biggest retailers in the world during that time. If Walmart were to acquire Big Lots, it would be a huge change for both companies – but it’s not clear if it would be a good change.
Big Lots has been struggling lately, and Walmart is known for being a tough negotiator. If Walmart were to acquire Big Lots, it’s possible that they would close many of the Big Lots stores – which would be bad news for employees and customers alike.
Only time will tell if Walmart ends up acquiring Big Lots – but for now, the two companies remain separate.
Conclusion: Does Walmart own Big Lots? As of now, the answer is no – although Walmart has been rumored to be interested in acquiring the company.
