Newsweek on Nostr: Big Lots saves thousands of jobs in nationwide store rescue ========== Big Lots, an ...
Big Lots saves thousands of jobs in nationwide store rescue
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Big Lots, an Ohio-based discount chain, announced a deal with Gordon Brothers Retail Partners on December 28, 2024, to save hundreds of stores and thousands of jobs after filing for Chapter 11 bankruptcy in September 2024; Variety Wholesalers will acquire 200 to 400 Big Lots locations and two distribution centers, preventing layoffs of up to 555 corporate employees and 505 workers in Pennsylvania; Big Lots reported a $205 million net loss in Q1 2024 and had long-term debt of $573.8 million; the deal requires bankruptcy court approval.
#BigLots #Bankruptcy #JobPreservation #Retail #GordonBrothers #VarietyWholesalers #StoreClosures #UsEconomy #Employment #DiscountRetail
https://www.newsweek.com/big-lots-rescue-deal-save-stores-jobs-2007002
==========
Big Lots, an Ohio-based discount chain, announced a deal with Gordon Brothers Retail Partners on December 28, 2024, to save hundreds of stores and thousands of jobs after filing for Chapter 11 bankruptcy in September 2024; Variety Wholesalers will acquire 200 to 400 Big Lots locations and two distribution centers, preventing layoffs of up to 555 corporate employees and 505 workers in Pennsylvania; Big Lots reported a $205 million net loss in Q1 2024 and had long-term debt of $573.8 million; the deal requires bankruptcy court approval.
#BigLots #Bankruptcy #JobPreservation #Retail #GordonBrothers #VarietyWholesalers #StoreClosures #UsEconomy #Employment #DiscountRetail
https://www.newsweek.com/big-lots-rescue-deal-save-stores-jobs-2007002