Big Lots to sell as many as half its stores out of bankruptcy

Big Lots receives lifeline to spare hundreds of stores

Discount retail chain Big Lots received a last-minute lifeline Friday as it successfully closed a sale agreement with Gordon Brothers Retail Partners LLC that is expected to spare hundreds of its locations from permanently closing.

Big Lots to sell as many as half its stores out of bankruptcy

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 Retail Partners, which will sell them to other retailers and companies, including Variety Wholesalers. It was not immediately known whether Big Lots' Schererville, Hobart, Portage and Michigan City would be saved.

Future of Auburn and Williamson Big Lots stores uncertain

The fate of Big Lots stores in Auburn and Williamson hangs in the balance following the retailer’s recent agreement with Gordon Brothers Retail Partners to keep select locations open and preserve jobs. However, it remains unclear if the Grant Avenue Plaza store in Sennett will be among those saved. Gordon Brothers plans to transfer some… MoreFuture of Auburn and Williamson Big Lots stores uncertain The post Future of Auburn and Williamson Big Lo…

Big Lots Reaches Deal To Keep Hundreds Of U.S. Stores Open

The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal to keep hundreds of its stores and distribution centers open, Dee-Ann Durbin reported for the Associated Press (AP). Big Lots sells furniture, home decor, and other items. I Photo: Ambrosia LaFluer Flickr Big Lots announced recently that it will be sold to Gordon Brothers Retail Partners, a firm specializing in distressed companies. Gordon B…

Not so fast: Big Lots agrees to a deal to save the brand

Following its announcement of beginning “going out of business” sales for all locations, Big Lots has announced it has reached an agreement to sale to Gordon Brothers Retail Partners.

BIG LOTS CLOSES SALE TO GORDON BROTHERS RETAIL PARTNERS

COLUMBUS, Ohio, Jan. 3, 2025 /PRNewswire/ -- Big Lots, Inc. (the "Company") today announced that it has successfully closed its previously announced sale agreement with Gordon Brothers Retail Partners, LLC ("Gordon Brothers") that will enable Variety Wholesalers, Inc. ("Variety Wholesalers")…