Big Lots to reopen 132 stores in May. Here's where.
CBSN
Big Lots is planning to reopen 132 more stores in May as the bankrupt discount retailer works to rebuild its brand under new ownership.
After filing for bankruptcy in September of last year and moving to liquidate its stores, the Ohio-based retailer in December reached a last-minute deal to be acquired by Gordon Brothers Retail Partners, a Boston-based asset advisory firm.
As part of that agreement, between 200 and 400 Big Lots stores set to be closed were acquired by Variety Wholesalers, a discount retailer with more than 400 stores in the U.S. Variety Wholesalers continues to operate them under the Big Lots brand. At the time it was sold, Big Lots had a total of 869 stores.
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