Here's why Big Lots is selling its headquarters for millions of dollars less than it paid for it just over five years ago.

CLEVELAND, Ohio — Ollie’s Bargain Outlet is purchasing dozens of former Big Lots locations, including one in Northeast Ohio, according to reports.

Big Lots entered into an agreement on Jan. 31 to ... The 24-acre property sits in the commercial development called Hamilton Quarter on Hamilton and East Dublin-Granville roads, in the city ...

Gordon Brothers, a Boston-based investment group, announced in January that it would be selling the stores' leases.

Big Lots is selling 200 store leases, including 25 in Tennessee, as part of its bankruptcy proceedings. The company filed for bankruptcy in September due to high inflation, interest rates ...