Henderson-based Variety Wholesalers is acquiring hundreds of Big Lots stores and a couple of distribution centers, practically doubling the number of retail stores it operates in the Southeast and Mid-Atlantic.
Add Big Lots to the 380 or so Roses, Roses Express, Maxway, Bill’s Dollar Stores, Super 10, Super Dollar and Bargain Town stores that currently are operated by Variety Wholesalers.
The deal is part of a sale announced Dec. 27 to Gordon Brothers Retail Partners which enables the transfer of between 200 and 400 Big Lots locations to Variety Wholesalers, according to information provided by Big Lots, Inc.
Big Lots filed for bankruptcy in September 2024.
Lisa Seigies, Variety Wholesalers’ president and CEO, said, “We are excited to partner with Gordon Brothers to provide a path forward for the Big Lots brand and hundreds of its stores. We look forward to working with members of the Big Lots team to realize the exciting opportunities ahead.”
Bruce Thorn, Big Lots’ president and chief executive officer, said, “The strategic sale to Gordon Brothers and the transfer to Variety Wholesalers is a favorable and significant achievement for Big Lots that reflects the tireless work and collective effort of our team. This sale agreement and transfer present the strongest opportunity to preserve jobs, maximize value for the estate and ensure continuity of the Big Lots brand. We are grateful to our associates nationwide for their grit and resilience throughout this process.”
Rick Edwards, Gordon Brothers Retail Partners’ Head of North America Retail, said, “We are pleased to reach this strategic agreement with Big Lots and partner with Variety Wholesalers to achieve a path forward that allows Big Lots to continue to serve customers with extreme bargains and an outstanding shopping experience.”
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