Big Lots Deal Rescues Hundreds of Stores From Closure

Big Lots has struck a deal to keep hundreds of stores from shuttering.The bankrupt discount retailer announced Friday (Dec. 27) that it had agreed to sell itself to Gordon Brothers Retail Partners, a capital markets company that will transfer Big Lots’ stores, distribution centers and other assets to other retailers.According to a regulatory filing, Variety Wholesalers, owner of 400-plus discount stores in the mid-Atlantic and Southeastern states, will acquire 200-400 Big Lots stores, operating them under t ...