Big Lots has been handed a lifeline by Gordon Brothers Retail Partners and Variety Wholesalers to save some 200 to 400 stores along with the jobs of the stores' employees.

Retail chain company Big Lots has announced a sale transaction with Gordon Brothers Retail Partners that will see the transfer of former’s assets to other retailers. This move includes the sale of between 200 and 400 stores and up to two distribution centres to Variety Wholesalers.

Big Lots (OTC:BIGGQ) has agreed to a transaction with Gordon Brothers Retail Partners that will facilitate the transfer of a majority of Big Lots' assets to Variety Wholesalers and other parties. Variety Wholesalers,