Big Lots agrees to sale transaction with Gordon Brothers Retail Partners
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
0mins
Should l Buy ?
Sale Agreement Details: Big Lots has agreed to a sale transaction with Gordon Brothers Retail Partners, allowing Variety Wholesalers to acquire between 200 and 400 Big Lots stores and up to two distribution centers, intending to operate them under the Big Lots brand.
Impact on Employees and Brand: The deal aims to preserve jobs for Big Lots associates and ensure continuity of the Big Lots brand, pending approval from the Bankruptcy Court and other customary conditions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
