by Phil Hall | Apr 7, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
Variety Wholesalers, the discount retailer that acquired 219 stores from the bankrupt Big Lots chain, announced it will reopen nine Big Lots stores across six states on April 10. The reopened stores include three locations in Tennessee and single locations across...
by Phil Hall | Jan 14, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive
The retail focused investment firm Gordon Brothers announced that it is now offering Big Lots leases for sale. According to the company, the new-to-market stores are primarily located in shopping centers across 47 states and range in size from approximately 19,000 to...
by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive
The discount retailer Big Lots Inc. has announced it will begin going out of business (GOB) sales at all its remaining stores. The company, which declared bankruptcy in September, issued a statement that declared it did not anticipate completing its asset purchase...
by Phil Hall | Sep 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
The discount retailer Big Lots Inc. (NYSE: BIG) has filed for Chapter 11 bankruptcy and announced the sale of its assets and business operations to an affiliate of Nexus Capital Management LP. Under the terms of the Sale Agreement, Nexus will serve as the...
by Phil Hall | Jul 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
The financially troubled discount retailer Big Lots Stores Inc. (NYSE:BIG) is planning to close between 35 to 40 stores this year. Chain Store Age reports the Columbus, Ohio-headquartered company operates more than 1,300 stores. However, the company has experienced...