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A lawyer for Serta Simmons said that Big Lots had racked up $250 million in debt even after it realized it didn’t have the funds to pay for new orders. While the deal is underway for now ...
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 ...
Discount retailer Big Lots has found a last-minute savior. The company said Friday that it has agreed to a deal with Gordon Brothers Retail Partners that will enable the transfer of assets ...
Some Big Lots stores, and jobs, will be saved. Is your store closing? On Friday, Dec. 27, the chain announced that 200 to 400 stores will be sold to Gordon Brother Retail Partners LLC. Big Lots ...
Despite announcing nationwide going out of business sales right before Christmas, Big Lots has reached a deal to keep hundreds of its stores open. The retailer announced a transaction with Boston ...
“It presents the strongest opportunity to preserve jobs, maximize value for the estate, and ensuring continuity of the Big Lots brand.” Big Lots has cited the lingering impact of the COVID-19 ...
Big Lots employs approximately 27,000 people, but it remains unclear how many of these jobs will transition to Variety Wholesalers under the new arrangement. Newsweek reports that other closing ...
"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. We are grateful to our associates ...
“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 ...
"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. We are grateful to our associates ...
"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. We are grateful to our associates ...