Fox Business reports that discount retailer Big Lots, which is based in Columbus, Ohio, announced this week that it has found a buyer that will keep at least 200 stores open, while also possibly keeping some staff intact.
Earlier this month, Big Lots announced that it would begin holding Going Out of Business sales at all of its remaining stores after failing to reach a purchase agreement with Nexus Capital Management.
Now, the discount retailer has reached a deal with Gordon Brother Retail Partners, LLC, which enables the transfer of Big Lots’ assets, which include stores, distribution centers and intellectual property, to other retailers and companies.
While as many as 400 stores could remain open under the deal, the fate of the West Plains and Mountain Home stores remains uncertain.
