Big Lots strikes deal with Gordon Brothers to keep stores open after bankruptcy filing

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Big Lots strikes deal with Gordon Brothers to keep stores open after bankruptcy filing

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Struggling discount retailer Big Lots has secured a last-minute rescue deal that could save hundreds of stores and thousands of jobs, just weeks after the chain filed for bankruptcy. The Ohio chain made an agreement with Gordon Brothers and Variety Wholesalers that should help keep hundreds of stores open and save thousands of jobs. Under the agreement, Gordon Brothers would purchase the retailer and then transfer between 200 and 400 Big Lots stores and two distribution centers to Variety Wholesalers, which operates discount chains including Roses, Maxway and Bargain Town.
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