RALEIGH, N.C. (WNCN) — A central North Carolina-based business is buying a large chunk of Big Lots stores that were on the chopping block to be closed.
Variety Wholesalers, based in the Vance County seat of Henderson and the owner Roses, has now agreed to buy hundreds of Big Lots stores — and keep them open, saving “thousands of jobs.”
The North Carolina company, which also owns Maxway stores, plans to buy between 200 and 400 Big Lots stores, which it will then operate under the Big Lots brand
Big Lots said Friday it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies. Gordon Brothers is now partnering with Variety Wholesalers, according to a news release.
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The companies made the announcement with a news release titled: “Big Lots agrees to strategic transaction to facilitate preservation of brand, hundreds of stores and thousands of jobs.”
Variety Wholesalers, which also owns Super 10, Bargain Town, Bill’s Dollar Stores and Super Dollar stores, also plans to buy at least two Big Lots distribution centers.