Henderson, N.C. — Variety Wholesalers Inc. has announced plans to acquire between 200 and 400 Big Lots stores, in the midst of the retailer’s bankruptcy proceedings. North Carolina-based Variety Wholesalers will acquire the stores, which it will operate under the Big Lots brand, through Gordon Brothers Retail Partners. Gordon Brothers has entered into a sale transaction with Big Lots that will enable the transfer of assets — including stores, distribution centers and intellectual property — to other retailers and companies, including Variety Wholesalers.
Big Lots first filed for Chapter 11 bankruptcy protection in September 2024, entering into a sale agreement with Nexus Capital Management. In December, the company announced that the sale would not be completed. A&G Real Estate Partners is serving as real estate advisor to Big Lots.