Renee Umsted rumsted@newsobserver.com Hundreds of Big Lots stores previously planned to close will remain open through a new deal involving North Carolina-based Variety Wholesalers. Variety ...

Variety Wholesalers Inc., a family-owned business headquartered in North Carolina, is expected to acquire between 200 and 400 Big Lots stores and to continue operating them under that brand name.

In addition, Variety Wholesalers may employ Big Lots associates at the acquired stores and distribution centers, as well as certain corporate associates needed to support Big Lots' go-forward ...

Up to a half of Big Lots stores will be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets. The close-out retailer, which filed ...

STORY HIGHLIGHTS Big Lots agrees to new deal with Gordon Bros. Variety Wholesalers to acquire 200-400 Big Lots stores. Deal subject to approval in bankruptcy court. Less than 10 days after Big ...

Big Lots, which is in the middle of a Chapter 11 bankruptcy reorganization, said in a press release that the deal sets up the transfer of its assets – stores, distribution centers and ...

The transaction would also include the sale of between 200 and 400 stores to Variety Wholesalers, Big Lots announced Dec. 27. The deal comes three months after Big Lots filed for Chapter 11 ...

It results in the transfer of between 200 and 400 Big Lots stores to Variety Wholesalers, Inc. Variety Wholesalers plans to operate the stores under the Big Lots brand and may employ current Big ...

Big Lots filed for bankruptcy in September. Variety Wholesalers, which owns more than 400 retail stores, will acquire between 200 and 400 Big Lots locations, which it will operate using the Big ...