Variety Wholesalers Inc. Gordon Brothers , the Boston-based asset liquidation firm assisting Big Lots in the bankruptcy process , provided a list of locations with leases or contracts designated to be taken over by Variety Wholesalers, in a court filing in U. Bankruptcy Court for the District of Delaware. The closest Tennessee store that could be taken over by Variety Wholesalers is one at N.
Broadway St. Variety intends to operate those locations as Big Lots stores, Fast Company magazine reported , citing a confirmation from Gordon Brothers. Additional locations may be added, Fast Company reported. The leases for the Oak Ridge and Clinton stores end on Jan. There is a five-year option listed for the Clinton store. Other details on the stores from that brochure:. The Oak Ridge store, located at S. Illinois Ave.
The Clinton store, Longmire Road, is 31, square feet. Big Lots, based in Columbus, Ohio, anounced Dec. As reported earlier in The Oak Ridger , At the time, Big Lots officials stated in a news release that they did not have any plans to close all of its stores yet.
The going out of business sales were described as a way for the company to "protect the value of its estate," and allow Big Lots to continue being a company that was financially stable enough to meet obligations and continue business in the near future.
The lease agreement is also up for sale for another Knoxville store, located at Seven Oaks Drive,. No dates have been given for the final store closures. Email her at dsmith oakridger. A chilling twist emerged Friday in the death of Adan Manzano, a year-old TV reporter who traveled to cover the Super Bowl but mysteriously died in a hotel room.
