Big Lots' Big Shift: What's Next for Local Stores?

Big Lots, a well-known retail chain, is shaking things up after filing for bankruptcy last September. They're selling their stores and distribution centers to save jobs and keep their brand alive. The buyers? Gordon Brothers Retail Partners, who'll pass on Big Lots' assets to companies like Variety Wholesalers. Variety Wholesalers, which owns stores like Super 10 and Maxway, is interested in snapping up between 200 to 400 Big Lots locations. You might be wondering, "What about the stores in my area? " Well, there are four Big Lots stores in the tri-county region, including ones in Watertown, Massena, Potsdam, and Pulaski. These stores could be scooped up by new owners too. It's all part of a big shift that's happening right now. So, what does this mean for shoppers like you? It's a wait-and-see game. The stores might keep the Big Lots name or change it completely. Either way, it's clear that big changes are on the horizon for these retail spots.