Big Lots just received a last-minute lifeline

Big Lots says a new deal would preserve thousands of jobs at stores, distribution centers, and certain corporate roles.

Áine Cain / Business Insider

• Big Lots has reached a deal that would preserve between 200 and 400 stores across the US.
• The agreement with Gordon Brothers Retail Partners follows the collapse of an earlier rescue plan.
• If approved, the company says the $496 million deal would preserve thousands of jobs.

The Big Lots story isn't over yet.

The...