Variety Wholesalers is nearing a decision on which of the nearly 200 Big Lots locations it plans to operate following the retailer's bankruptcy filing. The agreement, facilitated by restructuring firm Gordon Brothers, aims to save jobs by transferring leases predominantly located in the South and Midwest. While it remains uncertain if the stores will consistently remain open during this transition, a deadline for objections to the lease transfers has been set for February 18. The final list of locations will determine the fate of many employees amid lingering uncertainties.
The transfer involves around 200 Big Lots leases, aimed at maintaining operations as the retailer navigates bankruptcy while potentially saving numerous jobs.
Variety Wholesalers is currently finalizing which Big Lots locations it will take over, focusing primarily on stores in the South and Midwest regions.
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