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International Business Times
International Business Times
Litty Simon

Big Lots Secures Deal To Keep Hundreds Of Stores Open And Protect Jobs

Big Lots United States Columbus Gordon Brothers Ohio
A sign is posted in front of a Big Lots store on June 07, 2024 in Hercules, California. (Credit: Photo by Justin Sullivan/Getty Images)

Big Lots, which filed for bankruptcy protection in September, has secured an agreement to keep hundreds of its stores and distribution centers operational.

Big Lots revealed it will be sold to Gordon Brothers Retail Partners, a firm known for working with distressed companies. Gordon Brothers intends to transfer Big Lots' stores, distribution centers, and other assets to various retailers.

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