After Big Lots announced they would be closing stores as a result of their Chapter 11 bankruptcy filing, Ollie’s Bargain Outlet is acquiring 40 more of those store leases.
Ollie’s Bargain Outlet Holdings Inc. announced the acquisitions from Gordon Brothers , a liquidation firm handling the sale of Big Lots locations , on Feb. 27. The Harrisburg, Pennsylvania-based company prefaced that the acquisitions are subject to final bankruptcy court approval and customary closing conditions.
Ollie’s now has acquired 63 total former leases from the struggling retailer…