After announcing all Big Lots stores will close just a week ago, the company now says 200 to 400 locations may be saved thanks to a last-minute sale.
Some of these Big Lots locations could now be run by Variety Wholesalers, Inc., who owns and runs stores like: Roses, Roses Express, Maxway, Bill’s Dollar Stores, Super 10, Super Dollar, and Bargain Town, in the southeast and Mid-Atlantic, according to a Big Lots press release.
If the sale gets approved by a bankruptcy court, the Big Lots name will remain and many employees at stores and up to two distribution centers will be able to keep their jobs.
“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,” said Bruce Thorn president and CEO of Big Lots. “We are grateful to our associates nationwide for their grit and resilience throughout this process.”
MORE: [ Ссылка ]
