Not all Big Lots stores are closing after all. Deal will save as many as 400 locations
Because of a sale brought about by global asset and real estate consulting firm Gordon Brothers, between 200 and 400 Big Lots stores will remain open.
Big Lots strikes deal with Variety Wholesalers that could save brand, hundreds of stores
Less than 10 days after Big Lots announced a purchase agreement had fallen through, the discount retailer has agreed to a new deal.
Big Lots reaches deal to keep hundreds of stores open, save jobs
The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.
Big Lots sells assets in last-ditch deal to attempt to save jobs, brand
Big Lots announced a buzzer-beater sale that could save hundreds of stores and thousands of jobs across the country. The Columbus-based retailer announced Friday it
Big Lots reaches deal with Gordon Brothers to keep up to 400 stores open
The discount chain said on Friday that it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies. Gordon Brothers will then transfer Big Lots’ stores, distribution centers and intellectual properties to other retailers, Big Lots said in a news release.
Big Lots Reaches Deal With Gordon Brothers to Keep Hundreds of Stores Open
The discount retailer had filed for bankruptcy in September.
Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal
Up to a half of Big Lots stores look set to be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets.
Big Lots secures deal to save hundreds of stores. What we know now
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Big Lots Keeps Up to 400 Stores Alive in Bankruptcy Sale, but Layoffs Hit HQ, DCs
A bankruptcy judge approved the sale of properties to discounter Variety Wholesalers, with Bruce Thorn terminated as CEO.
The Times of Northwest Indiana1d
Big Lots to sell as many as half its stores out of bankruptcy, but fate of Region stores unknown
The bankrupt retailer Big Lots reached a deal that could save as many as half its stores. Columbus, Ohio-based Big Lots got bankruptcy court approval to sell 200 to 400 stores to Gordon Brothers ...
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Big Lots to layoff 555 Columbus workers as ‘going out of business’ sales begin
Big Lots is commencing a mass layoff of 555 Franklin County workers after a deal collapsed that would’ve pulled the company ...
Some Big Lots stores will remain open if bankruptcy court approves deal with new buyer
Big Lots, LLC, which is based in Columbus, Ohio, announced that it has found a buyer to acquire its stores, distribution centers and intellectual property to transfer to other retailers.