Variety Wholesalers wants to operate under the Big Lots brand name
According to reports, the Cookeville Big Lots location is one of a handful of locations that will remain open following the Gordon Brothers Retail Partners (Gordon Brothers) purchase of the retail franchise that will enable Variety Wholesalers, Inc. (“Variety Wholesalers”) to acquire between 200 and 400 Big Lots stores.
The Cookeville location at 633 S. Jefferson Ave. will restock and announce a reopening date soon.
“Variety is thrilled to officially welcome the Big Lots brand and looks forward to operating hundreds of Big Lots store locations. This strategic acquisition allows us to serve additional customers and communities,” said Lisa Seigies, Variety Wholesalers’ President and CEO.
Variety Wholesalers wants to operate under the Big Lots brand name and will employ Big Lots associates to support Big Lots moving forward.
“We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand. We are working closely with the Gordon Brothers and Variety Wholesalers teams on this transition. We are grateful for the continued hard work and dedication of Big Lots associates across the Company,” according to Bruce Thorn, Big Lots’ President and Chief Executive Officer.
Kyle Shonak, Gordon Brothers’ Chief Transaction Officer said Gordon Brothers is proud to support the continued success of Big Lots.
“We were proud to support Big Lots through the restructuring process to enable the Company’s continued operation and look forward to working with Variety Wholesalers to support Big Lots go-forward footprint.”
Photo via Facebook.
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