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Bankrupt Big Lots in Deal to Keep Hundreds of Stores Open

Bankrupt Big Lots in Deal to Keep Hundreds of Stores Open

by Phil Hall | Dec 30, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The bankrupt Big Lots Inc. has agreed to a sale transaction with Gordon Brothers Retail Partners LLC that will enable the transfer of Big Lots assets – including stores, distribution centers, and intellectual property – to other retailers and companies. Big Lots...
Bankrupt Big Lots in Deal to Keep Hundreds of Stores Open

Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

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...
Bankrupt Big Lots in Deal to Keep Hundreds of Stores Open

Discount Retailer Big Lots Planning to Close 35 to 40 Stores

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...

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