In 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 will no longer be closing all remaining stores after agreeing to a sale this week. The national retailer announced Friday, Dec. 27 it struck a deal that will save hundreds of stores, thousands of jobs and keep the brand alive.

Bankrupt discount retail chain Big Lots says it will be able to keep hundreds of its stores open after executing a strategic sale transaction with a Boston asset management firm.

Big Lots has been handed a lifeline by Gordon Brothers Retail Partners and Variety Wholesalers to save some 200 to 400 stores along with the jobs of the stores' employees.

Despite Big Lots dissolving amid Chapter 11 bankruptcy proceedings, the company announced late Friday that it has agreed to a sale with Gordon Brothers Retail Partners, LLC that would involve keeping hundreds of stores open, if the deal is approved by a judge.

The deal for the bankrupt retailer will facilitate the transfer of stores and the Big Lots brand to Variety Wholesalers.

Local Big Lots stores that seemed destined to close may get a reprieve after all. Corporate liquidation company Gordon Brothers Group, which has overseen the closing of

Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.

Big Lots, which filed for bankruptcy in September, said that it reached an agreement with Gordon Brothers Retail Partners that would keep hundreds of stores open and save thousands of jobs. The Columbus,

Hundreds of Big Lot Stores could remain open after an agreement was made to sell off its assets. The Columbus based Big Lots says that Variety Wholesalers is looking at buying between 200 and 400 stories and operating them under the “Big Lots” name moving forward.