Big Lots is an American discount retailer headquartered in Columbus, Ohio. The company was founded in 1967 by Sol A. Shenk and is a publicly traded company on the New York Stock Exchange. Big Lots operates 1,400 stores in 47 states.
So, is Big Lots owned by Walmart? The answer is no – Big Lots is its own separate company. However, Walmart does own a minority stake in the company.
While Big Lots is not owned by Walmart, the two companies have a close relationship. Walmart is Big Lots’ largest customer, accounting for about 20% of its total sales. The two companies have also worked together on initiatives such as sustainability and supply chain management.
In conclusion, while Big Lots is not currently owned by Walmart, the world’s largest retailer does have a minority stake in the company and the two firms have a close relationship.
