1334 ET - Gordon Brothers is being realistic about the prospects of the sale at Big Lots' closing stores after inking a takeover deal with the discount retail chain. "It's the beginning of the sales, but the hope is that the consumer shows up and continues to come to the Variety Wholesalers-owned stores as well," Gordon Brothers' Chief Transaction Officer Kyle Shonak tells WSJ. "There's all kinds of factors that play into it," such as snow storms and consumer sentiment and how they affect foot traffic, Shonak says. Overall, one of the main reasons why the liquidity firm bought Big Lots was to get the asset-based loans repaid, Shonak says. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
January 09, 2025 13:34 ET (18:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。