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Big Lots Inc., is an American retail company that has more than 1490 stores in 48 states. The company's main headquarters is in Columbus, Ohio. It is fortune 500 retail company incorporated in the state of Ohio. Big Lots sells number of merchandise in their department stores that includes clothing, packaged food & beverages, housewares, toys, furniture and electronics. Big Lots mostly uses buildings, which are previously occupied by other stores. According to 2012 records, the company had employees strength of over 13100 people.
Big Lots Inc., was founded in 1967 by Sol Shenk in Ohio with the name of Consolidated Stores Corporation. In 1982, the company opened first closeout store in Columbus, Ohio called Odd Lots. After some years, Consolidated started opening their stores under the Big Lots name and thus all Odd Lots stores were rebranded as Big Lots. Consolidated Stores Corp., began trading on the American Stock exchange in 1986. After a year, the company switched to New York Stock Exchange, under the symbol CNS.
In 1994, Toy Liquidators having 82 stores in 38 states brought by Consolidated Stores Corp., whereas after two years, company purchases another toy company named KB Toys from Melville Corporation to expand further themselves into toy business. Consolidates Stores Corp., Officially changed their name to Big Lots Inc., in 2001.
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Big lots had permanent showrooms in Columbus, New York, Boston and Chicago areas where they provided merchandise in bulk for resale from many different categories of products. Big Lots also attended trade to increase their business.