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Published

Big Lots reaches deal to keep hundreds of US stores open

  • Big Lots has reached a deal to keep hundreds of stores open after filing for bankruptcy in September.
  • The deal involves Gordon Brothers Retail Partners facilitating the transfer of Big Lots' brand, stores, and distribution centers.
  • Variety Wholesalers will acquire between 200 and 400 Big Lots stores and up to two distribution centers.
  • The agreement aims to preserve jobs and ensure continuity of the Big Lots brand, according to Bruce Thorn, Big Lots' president and chief executive.
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