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Discount retailer Variety Wholesalers, the new owners of Big Lots, announced the reopening plan in a news release on Friday, April 4. Big Lots applied for bankruptcy in September 2024 and Variety ...
Fresh out of North Carolina, Variety Wholesalers has taken the reins of 200 Big Lots stores bequeathed by Gordon Brothers, the liquidation titans. The company disclosed that the early phase will ...
The privately owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores, two distribution centers and would retain the associates, operating under the Big Lots brand, the discount home ...
Variety Wholesalers wound up buying a total of 219 of the discount retailer’s locations, it said. The company has three other waves of Big Lots launches in the pipeline, according to its release.
Variety Wholesalers president and CEO Lisa Seigies discusses why the company was worth restoring on 'The Claman Countdown.' Nearly 80 more Big Lots stores are slated to reopen this week.
Variety Wholesalers brought most of this merchandise over before the tariffs hit, loading up inventory in anticipation of its negotiations to acquire Big Lots being successful.
Variety Wholesalers also will acquire as many as two Big Lots distribution centers as part of the deal. The agreement, Big Lots said, is subject to approval in bankruptcy court.
This agreement allows Variety Wholesalers Inc. to acquire 200 to 400 Big Lots stores under the Big Lots brand and up to two distribution centers. Big Lots has around 872 stores throughout the U.S.
Retail chain Variety Wholesalers Inc. will invest $10.5 million to open its second major distribution center in Coweta County, creating 320 jobs.
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