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From Daily Mail: Big Lots will reopen 78 stores this week as part of a wave of store revivals, months after it was saved from bankruptcy.
The discount retailer secured a last-minute rescue deal in December with retail focused investment firm Gordon Brothers and Variety Wholesalers.
Under the agreement, Gordon Brothers would purchase the retailer and then transfer between 200 and 400 Big Lots stores to Variety Wholesalers, which operates discount chains including Roses, Maxway and Bargain Town.
The retailer’s remaining locations saved by Variety Wholesalers will open across nine states this week.
“We are excited to reopen additional Big Lots stores this Thursday, June 5!,” Variety Wholesalers told DailyMail.com. “We have been thrilled with customer response to the soft openings we’ve held so far and cannot wait to continue serving these 78 additional communities.”
The rescued stores will re-open in Florida, Georgia, Kentucky, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia.
READ MORE AT DailyMail.
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