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Big Lots strikes deal save hundreds of stores from closing

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Published  December 28, 2024 10:33am EST
Consumer
FOX 5 DC

The Brief

    • Big Lots saved hundreds of its stores via a sale to Gordon Brothers and Variety Wholesalers. 
    • The retailer had announced Friday that it would have to liquidate all its stores after filing for bankruptcy in September. 
    • The deal would save between 200 and 400 locations. 

WASHINGTON - Big Lots Inc. struck a deal to save hundred of stores from closing after filing for bankruptcy in September. 

On Friday, the retailer had announced that it would have to liquidate all of its location after restructuring plans fell through. But a last-minute deal with Gordon Brothers Retail Partners LLC and Variety Wholesalers Inc. will save as many as 400 Big Lots locations from closing. 

The stores will continue to operate under the Big Lots name and "may employ Big Lots associates at the acquired stores and distribution centers, as well as certain corporate associates needed to support the go-forward footprint." But it's not a guarantee that all Big Lots employees will be able to keep their jobs. 

READ MORE: Big Lots to start holding 'Going out of Business' sales at remaining locations

Big Lots stores closing in Maryland and Virginia

Big Lots had 1,300 stores when it filed for Chapter 11 bankruptcy protection in September. The company announced the closures of 315 stores around the same time. With a maximum of 400 stores remaining open thanks to the deal with Variety Wholesalers, it's unclear how many stores in the DMV area will remain open. 

Thirteen Big Lots stores in the DMV were slated to close earlier this year: 

Maryland

  • 4420 Mitchelville Rd., Bowie
  • 6623 Governor Ritchie Hwy., Glen Burnie
  • 3331 Corridor Marketplace, Laurel
  • 21800 N Shangri La Dr., Unit 20, Lexington Park
  • 11989 Reisterstown Rd. #a, Ste A, Reisterstown

Virginia

  • 590 Branchlands Blvd., Charlottesville
  • 736 Warrenton Rd., Unit 102, Fredericksburg
  • 2110 Wards Rd., Lynchburg
  • 7743 Sudley Rd., Manassas,
  • 5900 E. Virginia Beach Blvd, Norfolk
  • 8533 Midlothian Tpke., North Chesterfield
  • 1650 General Booth Blvd., Ste 200, Virginia Beach
  • 14603 Telegraph Rd., Woodbridge
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