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.
Bankrupt Big Lots will keep hundreds of stores open under new sale transaction
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 reaches deal to save brand and keep hundreds of stores 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.
Slated for closure, agreement reached to keep hundreds of Big Lots locations open
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.
Big Lots strikes deal to save hundreds of stores from closing
SAN FRANCISCO — After announcing all Big Lots stores will close just a week ago, the company now says 200 to 400 locations may be saved thanks to a last minute sale.
Big Lots plans to sell stores to Variety Wholesalers
Big Lots sale to Variety Wholesalers may impact as many as 400 stores. It's unclear if the sale will impact its remaining Great Lakes Bay location in Bay City.
Big Lots strikes deal to keep hundreds of stores open and save jobs
We are grateful to our associates nationwide for their grit and resilience throughout this process,” said Bruce Thorn, Big Lots’ president and chief executive. It’s unclear how many Big Lots employees could remain but up to 555 corporate employees ...
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 Reaches Deal to Keep Hundreds of US Stores Open
This sale agreement and transfer present the strongest opportunity to preserve jobs, maximize value for the estate and ensure continuity of the Big Lots brand,” Big Lots Pres
Big Lots Reaches Deal With Gordon Brothers to Keep Hundreds of Stores Open
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,
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Big Lots Is No Longer Closing Up to 400 Stores—Here's Why and Where
Just a week after the retailer announced liquidation sales at all of its roughly 900 remaining locations, Big Lots now says ...
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Not all Big Lots stores will close: Deal with Gordon Brothers keeps up to 400 open
"The strategic sale to Gordon Brothers and the transfer to Variety Wholesalers is a favorable and significant achievement for ...
Big Lots to transfer some assets to Variety Wholesalers among others
Big Lots said Friday it has agreed with Gordon Brothers Retail Partners to sell stores, distribution centers and intellectual ...