It has been quite the rollercoaster ride for retail outlet Big Lots over the last several months, with the bankruptcy and announcement of the pending closure of all its stores.
That has happened for the most part, but the business was sold to Gordon Brothers Retail Partners earlier in the year, and a rejuvenation of sorts has begun to happen. The firm specializes in working with distressed companies.
The Return of Big Lots Stores
Gordon Brothers has since transferred Big Lots’ stores, distribution centers, and other assets to other retailers.
Variety Wholesalers Inc., which already owned more than 400 discount stores in the U.S. Southeast and Mid-Atlantic regions, said it acquired hundreds of Big Lots stores and will operate them under the Big Lots brand…