COLUMBUS, OHIO (WLIO) - Hundreds of Big Lot Stores could remain open after an agreement was made to sell off its assets.
The Columbus-based Big Lots says that Variety Wholesalers is looking at buying between 200 and 400 stores and operating them under the “Big Lots” name moving forward. The deal is also for two distribution centers. It is still unclear which stores they are looking at saving, but the agreement needs to be approved by the bankruptcy court. The move will also save some corporate jobs too. Over 500 were on the line when the stores were set to close. Big Lots filed for bankruptcy this year, saying that high inflation and interest rates have led to struggling sales. Variety Wholesalers already owns more than 400 retail stores under the names Roses, Roses Express, Maxway, Bill's Dollar Stores, Super 10, Super Dollar, and Bargain Town.
