Market
What will be the outcome for Big Lots employees after the deal completion by June 30, 2025?
3
Resolution / Starting Odds
Majority retained • 25%
Majority laid off • 25%
Equal retention and layoffs • 25%
Unclear outcome • 25%
Official announcements from Big Lots or Gordon Brothers, or labor market reports
Story
Big Lots Strikes Deal with Gordon Brothers to Save 200-400 Stores and Thousands of Jobs After Bankruptcy Filing in September
Dec 28, 2024, 07:30 PM
Discount retailer Big Lots has reached a deal with Gordon Brothers Retail Partners to keep between 200 and 400 of its stores open, following its bankruptcy filing in September. This agreement comes after an earlier sale attempt fell through, which had put the future of the chain in jeopardy. The deal aims to preserve the Big Lots brand and save thousands of jobs associated with the stores. The agreement will allow Gordon Brothers to transfer Big Lots’ stores and distribution centers to other retailers, ensuring the continuation of operations in a significant number of locations. The deal is contingent upon approval by a bankruptcy court.
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Other outcome • 25%
Majority retained by new owner • 25%
Majority transition to new roles • 25%
Majority laid off • 25%
Acquisition by Nexus Capital Management • 25%
Complete liquidation • 25%
Partial liquidation with store retention • 25%
Acquisition by another party • 25%
Successful liquidation with full inventory clearance • 25%
Other outcome • 25%
Failed to clear significant inventory • 25%
Partial clearance with remaining inventory • 25%
No sale, continue liquidation • 25%
Sold to another party • 25%
Sold to Nexus Capital Management • 25%
Other outcome • 25%
More than 15,000 • 25%
10,001 to 15,000 • 25%
5,000 to 10,000 • 25%
Less than 5,000 • 25%
Approved with conditions • 25%
Delayed decision • 25%
Rejected • 25%
Approved without conditions • 25%
