were not being paid in the Gordon Brothers deal and objected to the sale. A lawyer for Serta Simmons said that Big Lots had racked up $250 million in debt even after it realized it didn’t have ...

Months after discount retailer Big Lots filed bankruptcy in late 2024, the chain has reached a deal to keep hundreds of stores open, it announced in a Dec. 27 news release. In a transaction with ...

Big Lots had previously been in talks for a sale to Nexus Capital Management, but it fell through. Prior to that, it had been closing some stores around the country as it underwent bankruptcy ...

It’s a New Year’s miracle: Big Lots will live to fight another day. The beleaguered off-price retail chain looks like it will come back from the scrap heap of nearly dead home furnishings businesses ...

Variety Wholesalers “may employ” Big Lots employees at those locations as well, which would be great news for workers. Other details about which locations will stay open, and just how many there will ...

"The strategic sale to Gordon Brothers and the transfer to Variety Wholesalers is a favorable and significant achievement for Big Lots that reflects the tireless work and collective effort of our ...

Home goods chain Big Lots got a reprieve to keep hundreds of stores open after a bankruptcy judge approved a last-minute sale to new owners, according to a report. US Bankruptcy Judge Kate ...

Judge J. Kate Stickles said late Tuesday she’d approve a sale of the retailer to Gordon Brothers Retail Partners, which intends to transfer between 200 and 400 Big Lots stores to Variety ...

The company may also acquire up to two distribution centers and retain the right to employ Big Lots retail and corporate employees. “This sale agreement and transfer present the strongest ...

“This sale agreement and transfer present the strongest opportunity to preserve jobs, maximize value for the estate and ensure continuity of the Big Lots brand,” Big Lots President and CEO ...

"The strategic sale to Gordon Brothers and the transfer to Variety Wholesalers is a favorable and significant achievement for Big Lots that reflects the tireless work and collective effort of ...