Big Lots, facing bankruptcy, has secured a deal with Gordon Brothers Retail Partners to transfer its brand and assets, potentially saving hundreds of its stores from closure. The arrangement follows a failed acquisition by Nexus Capital Management, and includes the sale of 200 to 400 stores to Variety Wholesalers, which could help preserve thousands of jobs. The agreement aims to maximize value and maintain brand continuity amid widespread retail bankruptcies in an economy impacting consumer spending.