According to multiple news outlets, Ollie’s Bargain Outlet has purchased 63 Big Lots stores from Gordon Brothers, including an additional 40 on Feb. 27, and the Brownwood location is among those on the list whose designation rights have been acquired.

Other Texas Big Lots stores on the list include those located in Cleburne, El Paso, Kerrville, Lufkin, Midland, New Braunfels, Odessa and Victoria.

In a press release, Eric van der Valk, president and CEO of Ollie’s, said: “We are excited to announce the acquisition of an additional 40 former Big Lots store locations. Everything about these stores lines up well with our business and growth strategy. These locations are the right size, come with favorable lease terms, are located in existing and adjacent trade areas and have long serviced value-conscious consumers.”

Van der Valk continued: “Similar to what we have done with previous store acquisitions over the past year, we will adjust our existing new store openings and prioritize the opening of the acquired stores in a manner that makes the most operational and financial sense. This acquisition, along with the investments we have made to position the company for sustainable long-term growth, provides us with the opportunity to accelerate new store openings in 2025 above our 10% annual growth target and open approximately 75 units.”

Ollie’s currently operate 568 stores in 31 states continues to grow.