Big Lots Secures Lifeline w/ Sales Agreement, Saving Hundreds Of Stores From Closure

Big Lots Secures Lifeline w/ Sales Agreement, Saving Hundreds Of Stores From Closure

Big Lots has found new life after launching nationwide going-out-of-business sales earlier this month.

The retailer announced a sale agreement with Gordon Brothers Retail Partners, paving the way to save hundreds of stores.

As part of the deal, Variety Wholesalers plans to acquire 200–400 Big Lots locations and up to two distribution centers, intending to operate under the Big Lots brand. The agreement may also retain jobs for store associates and corporate staff supporting the brand.

CEO Bruce Thorn called the deal a significant achievement, preserving jobs and ensuring the Big Lots brand continues. The transaction, still subject to court approval, is expected to maximize value and provide continuity for the retailer.

Are you happy to see Big Lots stick around a little longer?