Big Lots is selling its assets to Gordon Brothers Retail Partners, a deal that will allow other retailers and companies to take ownership of the brand’s stores, distribution centers, and thousands of jobs across the country. Variety Wholesalers, which owns over 400 retail stores in the US, including Super 10, Maxway, and Super Dollar, is set to acquire Big Lots’ assets.
As part of this deal, Variety Wholesalers plans to purchase between 200-400 Big Lots stores, with all locations expected to retain their current brand name. The four Big Lots locations in the tri-county region, including one in Watertown, could also be sold to another company or retailer.
The sale comes after Big Lots filed for bankruptcy in September, as part of an effort to restructure and preserve its brand. Gordon Brothers Retail Partners will oversee the acquisition process, marking a significant shift in the ownership structure of the iconic discount retailer.
Source: https://www.wwnytv.com/2024/12/29/changes-coming-big-lots