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Big Lots Closes Store-Saving Deal with Gordon Bros., Variety Wholesalers

Big Lots Closes Store-Saving Deal with Gordon Bros., Variety Wholesalers

by Mike Duff | Jan 6, 2025 | Retail Articles

In a move to keep the Big Lots banner waving, the bankrupt off-price retailer announced it closed the company’s previously announced sale agreement with Gordon Brothers Retail Partners that will enable Variety Wholesalers to acquire between 200 and 400 Big Lots...
Gordon Brothers, Variety Wholesalers Deal Could Keep Up to 400 Big Lots Stores Going

Gordon Brothers, Variety Wholesalers Deal Could Keep Up to 400 Big Lots Stores Going

by Mike Duff | Jan 2, 2025 | Retail Articles

After entering Chapter 11 bankruptcy protection and warning of possible liquidation, Big Lots announced it entered an agreement with Gordon Brothers Retail Partners that enables the transfer of Big Lots assets, including stores, distribution centers and intellectual...
2024 in Retail: Navigating Twists, Turns, Transformation

2024 in Retail: Navigating Twists, Turns, Transformation

by Chandler Harvey | Dec 20, 2024 | Retail Articles

Retail took some surprising twists in 2024, as the view forward from 2023 didn’t reveal how the way forward would have so many twists and turns. Of course, some developments fell into old patterns and some weaker retailers fell by the wayside. Meanwhile, an...
Gordon Brothers, Variety Wholesalers Deal Could Keep Up to 400 Big Lots Stores Going

Big Lots Attempts To Salvage Purchase As Going-Out-of-Business Sales Start

by Mike Duff | Dec 20, 2024 | Featured News, Retail Articles

Although it is exploring an alternative deal that might keep at least some of its stores in operation, Big Lots announced that it does not anticipate completing an asset purchase agreement with Nexus Capital Management and will commence going-out-of-business sales. If...
Bankruptcy Court Approves Big Lots Sale to Nexus

Bankruptcy Court Approves Big Lots Sale to Nexus

by Mike Duff | Nov 25, 2024 | Retail Articles

As it looks to complete Chapter 11 bankruptcy proceedings, Big Lots announced it received court approval for the sale of substantially all of the company’s assets and ongoing business operations to a Nexus Capital Management affiliate.  Big Lots reported it...
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