Following the collapse of Big Lots, specialist retail concentrates in the U.S.

Featured image of the article Following the collapse of Big Lots, specialist retail concentrates in the U.S.

An article by Morgane Monteiro and Sophie Baqué

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Publication

7 January 2025 à 18h27

Updated on 24 July 2025 à 10h37

Reading time

3 minutes

Publication: 7 January 2025 à 18h27, Updated on 24 July 2025 à 10h37

Reading time: 3 minutes

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In a sluggish U.S. property market, discount furniture retailer Big Lots found a partial buyer. Variety Wholesalers is to take up to 400 stores.

An article by Morgane Monteiro and Sophie Baqué

Add mind Retail to your sources
Publication

7 January 2025 à 18h27

Updated on 24 July 2025 à 10h37

Reading time

3 minutes

Publication: 7 January 2025 à 18h27, Updated on 24 July 2025 à 10h37

Reading time: 3 minutes

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After filing for bankruptcy on September 9, 2024, the U.S. destocking retailer of furnitures Big Lots (2023 sales of US$4.72 billion with 1,392 stores) found a partial buyer. On January 3, an agreement was reached (amount undisclosed) with Gordon Brothers Retail Partners, providing for the transfer of 200 to 400 stores and 2 distribution centres to Variety Wholesalers.

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué
Sophie Baqué Chief Editor of mind Retail
Featured image of the article Sophie Baqué
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