Big Lots' Long Road Ahead: Discount Retailer Faces Challenges Despite Acquisition

Big Lots, a once-dominant player in the discount retail sector, faces an uncertain future following an acquisition by Gordon Brothers Retail Partners.The agreement, finalized Dec. 27, ensures hundreds of Big Lots stores will remain operational, as the assets of the bankrupt retailer are transferred to other entities, including Variety Wholesalers. Under the new ownership structure, Variety Wholesalers will take over 200 to 400 Big Lots locations, maintaining the brand and continuing operations, along with u ...