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Market
How many Big Lots stores will remain open by June 30, 2025?
3
Resolution / Starting Odds
200-249 stores • 25%
250-299 stores • 25%
300-349 stores • 25%
350-400 stores • 25%
Official announcements from Big Lots or credible news reports
Story
Big Lots Strikes Deal to Keep 200 to 400 Stores Open and Save Thousands of Jobs, Pending Bankruptcy Court Approval
Dec 28, 2024, 10:08 PM
Big Lots, the discount retailer that filed for bankruptcy protection in September, has reached a deal with Gordon Brothers Retail Partners to keep hundreds of its stores open. This agreement comes after the company previously announced plans for liquidation sales. The deal is expected to preserve the brand, save between 200 and 400 stores, and protect thousands of jobs. The sale transaction allows for the transfer of Big Lots' assets to other retailers, ensuring continuity for the business. The agreement is pending approval by a bankruptcy court, but it represents a critical step in preventing the complete closure of the chain.
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Similar markets
200-250 • 25%
351-400 • 25%
301-350 • 25%
251-300 • 25%
250-299 • 25%
200-249 • 25%
350-400 • 25%
300-349 • 25%
More than 15,000 • 25%
5,000 to 10,000 • 25%
10,001 to 15,000 • 25%
Less than 5,000 • 25%
0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
Majority laid off • 25%
Other outcome • 25%
Majority transition to new roles • 25%
Majority retained by new owner • 25%
Successful liquidation with full inventory clearance • 25%
Partial clearance with remaining inventory • 25%
Failed to clear significant inventory • 25%
Other outcome • 25%
Complete liquidation • 25%
Acquisition by Nexus Capital Management • 25%
Acquisition by another party • 25%
Partial liquidation with store retention • 25%