Big Lots Reaches Deal With Gordon Brothers to Keep Hundreds of Stores Open
Big Lots which filed for bankruptcy in September, said that it reached an agreement with Gordon Brothers Retail Partners that would keep hundreds of stores open and save thousands of jobs. Variety Wholesalers, with more than 400 stores under brands such as Roses, Maxway, and Bill’s Dollar Stores, intends to buy between 200 and 400 Big Lots stores and up to two distribution centers. It plans to use the Big Lots brand for the acquired stores.