Big Lots has managed to save up to 400 stores in the 11th hour after striking a deal with Gordon Brothers and Variety Wholesalers. This deal has saved the former retail giant from completely liquidating its assets. Let’s take a look at the details of this save.
Big Lots’ 11th-Hour Deal
According to USA Today, 200 to 400 Big Lots locations were moved to Variety Wholesalers, Inc. as part of a deal the retailer struck with Gordon Brothers Retail Partners, an asset liquidation company based in Boston.
With over 400 locations throughout the Mid-Atlantic and Southeast, Variety Wholesalers is based in Hendersonville, North Carolina. Roses, Roses Express, Bargain Town, Maxway, and Bill’s Dollar Stores are some of its chains.
Variety…
