Last-Minute Deal Rescues Numerous Big Lots Stores from Closure

## Big Lots Finds a New Home

Picture the hustle and bustle of New York, where deals take center stage. Big Lots, Inc. isn’t making headlines in the concrete jungle but is catching attention in cities like Swansea, Plymouth, and Warwick. The big news? A strategic move involving Gordon Brothers Retail Partners, LLC, and industry giant, Variety Wholesalers, Inc. The plan is to keep the Big Lots brand alive and thriving.

## A New Chapter for Big Lots

Big Lots is set to experience a significant transformation. With agreement from [Gordon Brothers Retail Partners](https://www.gordonbrothers.com/) and [Variety Wholesalers](https://www.varietywholesalers.com/), they’re transferring crucial assets like stores and distribution centers. Variety Wholesalers, a big shot with over 400 stores, aims to pick up between 200 to 400 Big Lots locations. The buzz around these plans to continue under the Big Lots banner has captivated industry insiders.

### What’s in Store for Employees?

With every move comes uncertainty, but there’s hope too. Variety Wholesalers is considering offering positions to existing Big Lots associates and select corporate staff. This strategic effort ensures that many employees can transition smoothly, helping retain local jobs amid the shuffle.

## A Win-Win Commitment

Bruce Thorn, the helm at Big Lots, praises the agreement. According to his statement, it’s a meaningful victory for everyone involved. Big Lots associates have shown determination, and now, their efforts ensure the brand’s continuity and bolster job preservation.

#### Strategic Alliances

Rick Edwards of Gordon Brothers echoes similar sentiments. This deal isn’t just about cutting losses but building on Big Lots’ legacy of extreme bargains and stellar shopping experiences. It’s a strategy that bridges current strengths with future potential.

|**Key Entities**|**Roles**|
|—|—|
|Gordon Brothers Retail Partners|Facilitating the transaction|
|Variety Wholesalers|Acquiring Big Lots assets|
|Big Lots|Retaining brand and jobs|

## Variety Wholesalers Enters the Mix

Lisa Seigies, the President of Variety Wholesalers, is optimistic. She highlights the exciting path forward for the Big Lots brand and envisions fruitful collaborations with current Big Lots team members. Her focus is clear — a promising future built on existing strengths.

## Legal Steps Ahead

But wait, there’s a roadblock. The agreement needs the nod from the Bankruptcy Court. Plus, it must navigate typical closing conditions. So, while excitement brews, it’s subject to some crucial checks.

## Location, Location, Location

For those curious about the store locations, Big Lots remains rooted in specific hubs. These include Swansea, Raynham, Fairhaven, Attleboro, Plymouth, Franklin, and Warwick. Each store is a testament to the brand’s longstanding presence and community ties.

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There’s a new dawn for Big Lots, thanks to strategic partnerships and focused planning. Keeping the brand and its workforce buoyant is at the heart of this deal. Gordon Brothers and Variety Wholesalers are ensuring it sails through the tides of change.