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“The former Big Lots got too expensive and the assortment wasn't everyday,” said Lisa Seigies, chief executive of Variety Wholesalers, a discount retailer that bought Big Lots out of bankruptcy in January.

“We're excited to bring an additional 132 Big Lots! locations back to life in May,” said and CEO of Variety Wholesalers, which acquired more than 200 Big Lots stores.

Fans of the discount retail chain Big Lots will be happy to know that the company is just days away from making the second phase of its comeback. On Thursday, May 1, Big Lots will reopen an additional 54 stores, followed by another 78 stores two weeks later on May 15.

HENDERSON, N.C.--(BUSINESS WIRE)--Variety Wholesalers, a leading discount retailer known for its treasure hunt shopping experience, closeouts, and unbeatable bargains, today announced the first wave of openings for newly acquired Big Lots! locations, starting on April 10 with nine stores across six states. Variety Wholesalers brings their proven model of value-driven retail to these locations following the company's strategic acquisition of 219 Big Lots! stores out of bankruptcy. Customers will.

HARRISBURG, Pa., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced the acquisition of 40 former Big Lots store leases from Gordon Brothers. The acquisition of the additional store leases is subject to final bankruptcy court approval and customary closing conditions. Including the 40 additional Big Lots locations, the Company has acquired a total of 63 former Big Lots store leases to date.

Big Lots, a once-dominant player in the discount retail sector, faces an uncertain future following an acquisition by Gordon Brothers Retail Partners. The agreement, finalized Dec. 27, ensures hundreds of Big Lots stores will remain operational, as the assets of the bankrupt retailer are transferred to other entities, including Variety Wholesalers.

Up to a half of Big Lots stores look set to be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets.

US bankruptcy judge Kate Stickles rubber-stamped the sale at a court hearing in Wilmington, Delaware.

Big Lots has struck a deal to keep hundreds of stores from shuttering. The bankrupt discount retailer announced Friday (Dec. 27) that it had agreed to sell itself to Gordon Brothers Retail Partners, a capital markets company that will transfer Big Lots' stores, distribution centers and other assets to other retailers.

The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.