News
BIG LOTS CLOSES SALE TO GORDON BROTHERS RETAIL PARTNERS
COLUMBUS, Ohio /PRNewswire/ — Big Lots, Inc. (the “Company”) today announced that it has successfully closed its previously announced sale agreement with Gordon Brothers Retail Partners, LLC (“Gordon Brothers”) that will enable Variety Wholesalers, Inc. (“Variety Wholesalers”) to acquire between 200 and 400 Big Lots stores, which it plans to operate under the Big Lots brand, and up to two distribution centers. In addition, Variety Wholesalers may employ Big Lots associates at the acquired stores and distribution centers, as well as certain corporate associates needed to support Big Lots’ go-forward footprint.
Bruce Thorn, Big Lots’ President and Chief Executive Officer, said, “We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand. We are working closely with the Gordon Brothers and Variety Wholesalers teams on this transition. We are grateful for the continued hard work and dedication of Big Lots associates across the Company.”
Kyle Shonak, Gordon Brothers’ Chief Transaction Officer, said, “We were proud to support Big Lots through the restructuring process to enable the Company’s continued operation, and look forward to working with Variety Wholesalers to support Big Lots’ go-forward footprint.”
Lisa Seigies, Variety Wholesalers’ President and CEO, said, “Variety is thrilled to officially welcome the Big Lots brand and looks forward to operating hundreds of Big Lots store locations. This strategic acquisition allows us to serve additional customers and communities. We plan to combine the best of Variety with the best of Big Lots and are excited about the possibilities ahead.”
Court filings and other information related to the proceedings, including how to file a proof of claim, are available on a separate website administrated by the Company’s claims agent, Kroll Restructuring Administration LLC, at https://cases.ra.kroll.com/biglots, by calling toll-free at (844) 217-1398 (or +1 (646) 809-2073 for calls originating outside of the U.S. or Canada), or by sending an email to biglotsinfo@ra.kroll.com.
Advisors
Davis Polk & Wardwell LLP is serving as legal counsel, Guggenheim Securities, LLC is serving as financial advisor, AlixPartners LLP is serving as restructuring advisor, and A&G Real Estate Partners is serving as real estate advisor to the Company.
Riemer & Braunstein LLP acted as counsel and M3 Partners LP acted as financial advisor to Gordon Brothers. Gordon Brothers’ Real Estate Services team will handle real estate matters for Gordon Brothers as well as Variety Wholesalers. For real estate inquiries, please contact Gordon Brothers’ Real Estate Services team at biglotsrealestate@gordonbrothers.com.
Cozen O’Connor is serving as legal counsel to Variety Wholesalers.
About Big Lots, Inc.
Big Lots is one of the nation’s largest closeout retailers focused on extreme value. The Company is dedicated to being the big difference for a better life by delivering bargains to brag about on everything for the home, including furniture, décor, pantry and more. It fulfills its mission to help customers “Live BIG and Save LOTS” with sourcing strategies to grow extreme bargains through closeouts, liquidations, overstocks, private labels, and value-engineered products. The Big Lots Foundation, together with the Company’s customers, associates, and vendors, has delivered more than $176 million of philanthropic support to critical needs in hunger, housing, healthcare, and education. For more information, to shop online, or to find a store near you, please visit biglots.com.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words “anticipate, “estimate,” “continue,” “could,” “approximate,” “expect,” “objective,” “goal,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “may,” “target,” “forecast,” “guidance,” “outlook” and similar expressions generally identify forward-looking statements. Similarly, descriptions of our objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management’s then-current views and assumptions regarding future events and operating performance and are applicable only as of the dates of such statements. Although we believe the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of our knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect business, financial condition, results of operations or liquidity.
Forward-looking statements that we make herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, the current economic and credit conditions, inflation, the cost of goods, our inability to successfully execute strategic initiatives, competitive pressures, economic pressures on our customers and us, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of our most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and SEC filings.
SOURCE Big Lots, Inc.
Consumer Corner
Jeep Goes Back to 1945 With the 2027 Wrangler JL-2A
Jeep is looking back more than 80 years with the 2027 Wrangler JL-2A, a Rubicon-based special edition inspired by the Willys CJ-2A, the first Jeep designed specifically for civilian use.
Last Updated on October 5, 2026 by Daily News Staff
The special-edition Wrangler pays tribute to the Willys CJ-2A, the vehicle that helped transform the wartime Jeep into an American civilian icon.
More than 80 years after the first civilian Jeep rolled onto farms, ranches and roads across America, Jeep is reaching deep into its history for a new special-edition Wrangler.
The 2027 Jeep Wrangler JL-2A is a modern tribute to the Willys CJ-2A, introduced in 1945 as the first Jeep vehicle developed specifically for civilian use.
Rather than simply adding a heritage badge to a modern Wrangler, Jeep has incorporated colors, wheels, interior materials and design details inspired by the vehicle that helped establish the civilian Jeep nearly eight decades ago.
The JL-2A is also the 11th installment in Jeep’s Twelve 4 Twelve series of special-edition vehicles.
From the Battlefield to Civilian America
The story behind the JL-2A begins at the end of World War II.
The military Willys MB had earned a reputation for ruggedness during the war, but Willys-Overland saw an opportunity for the basic concept beyond military service.
In July 1945, the company introduced the Willys CJ-2A.
The letters “CJ” stood for Civilian Jeep, and the CJ-2A adapted the military Jeep formula for farmers, ranchers, industrial workers and everyday civilian users.
Changes included a tailgate, larger headlights and a rear power takeoff that allowed the Jeep to operate certain agricultural and industrial equipment. The CJ-2A also helped establish the familiar seven-slot grille that would eventually become one of Jeep’s most recognizable design elements.
It wasn’t just a utilitarian machine, either.
Willys offered memorable postwar color combinations such as Harvest Tan with Sunset Red wheels and Pasture Green with Autumn Yellow wheels.
Those colorful early Jeeps provided much of the inspiration for the new JL-2A.
A 1945 Look on a Modern Wrangler
The 2027 Wrangler JL-2A is based on the modern Wrangler Rubicon, meaning the retro styling is paired with serious off-road hardware.
One of its most noticeable features is a set of exclusive 17-inch retro-style wheels finished in Joose, accompanied by orange front and rear tow hooks. The combination recalls the bright Sunset Red wheels found on some original CJ-2As.
The wheels are paired with standard 33-inch BFGoodrich KO2 All-Terrain tires.
Jeep is also bringing back Gobi exterior paint for 2027. The tan-like color is particularly appropriate for this edition because it echoes the Harvest Tan finish offered on the original CJ-2A.
Other available colors include ’41, Bright White, Sting Gray, Ghost and Joose.
Body-color fender flares and a three-piece hardtop give the JL-2A a relatively clean exterior appearance, while Dark Metallic Grey accents update the Wrangler’s familiar seven-slot grille.
Jeep Takes the Retro Theme Inside
Jeep has carried the historical theme into the cabin with a color and material combination never previously offered on a Wrangler.
The seats are covered in Nappa Heritage Tan leather, complemented by Bison Brown on the door panels, lower instrument panel and center console.
Desert Orange stitching ties the interior to the brightly colored exterior wheels and tow hooks.
There are also several details specifically aimed at Jeep history enthusiasts.
A satin-chrome Willys-Overland shifter medallion pays tribute to the company’s roots, while heritage-inspired HVAC vent graphics incorporate the seven-slot grille and a Willys silhouette.
Perhaps the most interesting detail is found at the rear.
Jeep has created a swing-gate plaque based on the dashboard data-plate artwork of the original CJ-2A. It includes farm and factory imagery recalling the original civilian Jeep’s role as a working vehicle rather than simply a recreational off-roader.
Modern conveniences haven’t been forgotten. The JL-2A includes remote start, an auto-dimming rearview mirror, universal garage-door opener and a front TrailCam with an integrated washer.
How Much Will the Wrangler JL-2A Cost?
Jeep says the JL-2A package will carry an MSRP of $4,995.
According to the automaker, that puts the special edition just $115 above a comparably equipped Wrangler Rubicon, making the package largely about choosing its unique heritage-inspired appearance and equipment rather than paying a substantial premium solely for a limited-edition name.
Orders are scheduled to open in October 2026.
Jeep has not presented the JL-2A as a recreation of the CJ-2A. Underneath the nostalgic colors and Willys-inspired details is a thoroughly modern Wrangler Rubicon.
And that may be the point.
More Than 80 Years of Civilian Jeep History
The original CJ-2A represented a turning point for Jeep.
A vehicle concept born from wartime necessity found a second life in civilian America, where Jeeps became farm equipment, work vehicles, recreational 4x4s and eventually lifestyle vehicles.
The CJ line evolved through multiple generations before eventually giving way to the Wrangler nameplate in the 1980s.
The 2027 Wrangler JL-2A connects those two ends of Jeep’s history — from the simple postwar CJ-2A built to work the back forty to today’s technology-packed Wrangler designed to tackle the trail.
More than eight decades separate them, but park the two side by side and the family resemblance would be difficult to miss.
Source: Stellantis / Jeep, September 12, 2026
A Civilian Legend Reimagined: Jeep Brand Introduces 2027 Jeep Wrangler JL-2A PR Newswire
Jeep Official Website:
Jeep Official Website
STM Daily News
Woman Charged With Felony Animal Cruelty in Santa Ana Puppy Killing
Santa Ana Puppy Killing: Prosecutors have filed felony charges against a 75-year-old Anaheim woman accused of deliberately running over and killing her puppy, Blackey, in Santa Ana.
Last Updated on October 3, 2026 by Daily News Staff
SANTA ANA, Calif. — A 75-year-old Anaheim woman accused of deliberately running over and killing her puppy on a Santa Ana street has now been formally charged with felony animal cruelty, marking a major development in a case that drew widespread attention after surveillance video was released by police.
The Orange County District Attorney’s Office announced Friday, October 2, that Hanh Minh Nguyen, 75, of Anaheim, has been charged with one felony count of animal cruelty, one felony count of animal abuse by a caretaker, and a felony enhancement alleging the personal use of a weapon — a vehicle — to kill the animal.
Nguyen was arrested by Santa Ana police on Thursday, October 1, after investigators used automated license plate reader technology to identify the green Honda Odyssey seen in surveillance footage from the September 8 incident. Police subsequently located Nguyen and found the minivan at her Anaheim residence.
According to the District Attorney’s Office, Nguyen was released from custody after posting $20,000 bail. She is scheduled to appear at the Central Justice Center in Santa Ana on November 2, 2026, in Department C55.
Surveillance video led to investigation
The case began on September 8 at approximately 9:15 a.m., when Santa Ana Animal Services officers responded to a report of a dead black-and-white male pit bull-mix puppy on West Park Lane.
Surveillance footage obtained during the investigation showed a woman removing the puppy from a minivan and placing food near the driver’s side of the vehicle. Authorities allege the woman then slowly drove forward as the puppy approached the food, running over the animal with the vehicle’s rear tire before leaving the scene.
The puppy, identified by authorities as Blackey, died.
The District Attorney’s Office describes Blackey as a 9-week-old puppy. Earlier statements and local news reports described him as approximately 9 months old.
Santa Ana police released surveillance footage of the incident on September 30 and appealed to the public for help identifying the driver.
Within a day, investigators said automated license plate reader technology helped them trace the Honda Odyssey to Nguyen. Police found the vehicle in her garage and took her into custody.
Police previously said Nguyen acknowledged owning and abandoning Blackey. According to the Los Angeles Times, a Santa Ana Police Department spokesperson said Nguyen told detectives she had left the puppy because he had been annoying her boyfriend by biting his shoes and belongings. Police said she acknowledged abandoning the dog but did not admit to intentionally running him over.
Prosecutors file felony charges
The filing of felony charges moves the case beyond the initial police investigation and into the Orange County court system.
Orange County District Attorney Todd Spitzer condemned the alleged killing in announcing the charges and said his office intends to prosecute acts of violence against animals.
Deputy District Attorney Danica Drotman of the Orange County District Attorney’s Animal Cruelty Unit is prosecuting the case.
Nguyen is accused of the offenses and has not been convicted. The allegations against her will now be addressed through the court process.
Her next scheduled court appearance is November 2.
STM Daily News will continue following the case and provide updates as additional information becomes available.
Source and Related Links
- Orange County District Attorney — October 2 charging announcement
- The DA’s release is the strongest source for this update. It provides case number 26CF4923, the exact charges, $20,000 bail, November 2 court date and the prosecutor assigned to the case. Orange County District Attorney
- For corroborating coverage, CBS Los Angeles reports the arrest, use of automated license-plate readers and the subsequent felony charges. CBS News
- CBS Los Angeles — arrest and charges update
- NBC Los Angeles — felony charges update
College Life
Is College Worth It? New U.S. News Rankings Put More Weight on What Graduates Earn
Is college worth it? MIT has taken the No. 1 spot in the 2027 U.S. News Best Colleges rankings, ending Princeton’s 15-year run. But a new Earnings by Major metric could be even more important for families asking whether college is worth the investment.
For millions of students and families, choosing a college increasingly comes down to a basic question: Is college worth it?
The latest U.S. News & World Report Best Colleges rankings are attempting to provide another piece of information to help answer that question.
The 2027 rankings place the Massachusetts Institute of Technology (MIT) at No. 1 among National Universities, ending Princeton University’s 15-year run at the top. But perhaps the bigger story for prospective students isn’t which university occupies the No. 1 position.
It’s a significant change in how U.S. News measures the value of attending college.
For the first time, the rankings include an Earnings by Major factor designed to examine what graduates earn after leaving school — and to compare those earnings with graduates who studied the same subjects elsewhere.
Is College Worth It? U.S. News Looks Beyond Graduation
College has traditionally been promoted as an investment in a person’s future. But as families confront tuition, housing expenses and the possibility of student debt, simply earning a degree may no longer be enough information when deciding where — or whether — to attend.
Students increasingly want to know what happens after graduation.
The new U.S. News Earnings by Major metric examines graduate earnings four years after graduation using data from the U.S. Department of Education’s College Scorecard.
Importantly, the system doesn’t simply compare the average salary of graduates from one university with another.
Instead, earnings are compared within specific academic disciplines.
That distinction matters.
A university graduating large numbers of engineers, computer scientists or students entering other relatively high-paying occupations could otherwise appear to produce stronger financial outcomes simply because of the subjects its students choose to study.
Comparing graduates within similar fields is intended to provide a clearer picture of how graduates from different institutions fare financially.
From Student Debt to Graduate Earnings
The new Earnings by Major metric replaces the Graduate Indebtedness factor previously used by U.S. News.
That represents an important shift in perspective.
Instead of focusing primarily on how much debt students accumulate, the new measure looks at one aspect of what students may receive financially from their education after entering the workforce.
The metric examines employed federal financial aid recipients whose highest degree is a bachelor’s degree.
According to U.S. News, the approach is intended to reduce the influence of family financial advantages and provide a better indication of the economic value institutions may contribute to graduates.
That doesn’t mean earnings alone determine whether a college education is worthwhile.
But for a student potentially investing tens of thousands of dollars — and several years of their life — knowing how graduates in a particular major perform economically can be an important part of the decision.
MIT Takes the No. 1 Spot
Against that changing methodology, MIT moved into the No. 1 position among National Universities in the 2027 rankings.
The top three are:
- Massachusetts Institute of Technology
- Princeton University
- Harvard University
Princeton’s move to second place ends a run at No. 1 that began with the 2012 edition of the rankings.
Among National Liberal Arts Colleges, Williams College remained No. 1, followed by Amherst College at No. 2. Bowdoin College, Claremont McKenna College, Pomona College and Swarthmore College tied for third.
Nearly 1,700 institutions were evaluated in the 2027 edition.
Outcomes Are Becoming a Bigger Part of the Equation
The addition of graduate earnings is part of a broader emphasis on student outcomes in the U.S. News methodology.
U.S. News says outcomes now account for more than half of a school’s total score.
Institutions can be evaluated using as many as 17 weighted measures, including graduation and retention rates, social mobility for lower-income students, post-graduate earnings, faculty resources and academic peer assessments.
The shift reflects a changing conversation surrounding higher education.
For generations, students were often encouraged to focus heavily on getting into the most prestigious college possible. Today’s students may also be asking more practical questions:
How much will it cost?
How much financial aid will I receive?
How much debt might I have when I graduate?
What do graduates in my intended major earn?
And perhaps most importantly:
Will the investment pay off for me?
College Value Isn’t Just About Salary
Graduate earnings can provide useful information, but salary shouldn’t be treated as the sole measurement of the value of higher education.
Different careers have dramatically different compensation structures.
A graduate pursuing teaching, public service, social work, the arts or nonprofit work may earn less than someone entering engineering, finance or technology while still considering their education worthwhile.
There are also benefits of higher education that are difficult to capture in a salary statistic.
That’s why students comparing schools may want to look beyond an institution’s overall ranking and examine factors such as net price after financial aid, scholarships, graduation rates, student debt, internship opportunities, career placement, location and the strength of the program they actually intend to study.
The best-known university isn’t automatically the best financial or educational choice for every student.
Economic Diversity Also Gets Attention
The 2027 rankings also highlight economic diversity among highly ranked institutions.
According to U.S. News, MIT and Princeton rank third and fourth, respectively, among the top 25 National Universities in the percentage of students receiving federal Pell Grants.
Pell Grants generally assist undergraduate students with significant financial need and typically do not have to be repaid.
Among the top 25 National Liberal Arts Colleges, Amherst College ranked highest for economic diversity under the U.S. News measure.
A New Ranking Looks at In-State Value
U.S. News is also placing additional attention on affordability for students considering public universities.
The 2027 edition introduces a Best Value Schools for In-State Students ranking, which evaluates public universities based on academic quality and affordability for residents.
The University of North Carolina at Chapel Hill took the No. 1 position in the inaugural ranking.
That category could be particularly relevant to families deciding whether the prestige associated with attending a private or out-of-state university justifies potentially higher costs compared with attending a public institution in their home state.
The Rankings Look Different This Year
There is another important caveat when comparing the 2027 results with previous years.
Changes to the Carnegie Classification framework resulted in approximately 20% of previously ranked institutions moving into different U.S. News categories.
Because some colleges are now being compared against different groups of institutions, their 2027 rankings may not be directly comparable with previous years.
The changes also expanded eligibility, allowing additional institutions specializing in areas such as engineering, business and health to enter the rankings.
U.S. News also introduced an undergraduate economics specialty ranking while continuing rankings covering areas such as social mobility, innovation, historically Black colleges and universities, artificial intelligence programs, internships, undergraduate research and study-abroad opportunities.
Public Universities, HBCUs and Social Mobility
Among public National Universities, the University of California, Berkeley and UCLA tied for the No. 1 position, followed by the University of Michigan–Ann Arbor.
The top three Historically Black Colleges and Universities were:
- Spelman College
- Howard University
- Tuskegee University
For social mobility among National Universities, Florida International University and the University of California, Riverside tied for No. 1, with Oakland City University ranked third.
These categories illustrate another reason students may want to look deeper than a school’s overall national position. Different rankings can reveal institutions performing particularly well in areas that may matter more to an individual student.
So, Is College Worth It?
There isn’t one answer that applies to every student.
The cost of attending, financial aid, chosen major, career goals, likelihood of graduating and potential debt can dramatically change the financial equation.
A college with a famous name and high national ranking could be a poor financial choice for one student while a less prominent public university with generous financial aid could be an excellent investment for another.
That’s what makes the addition of Earnings by Major noteworthy.
Instead of asking only “Which college ranks highest?”, prospective students now have another reason to ask a much more personal question:
“What am I paying for — and what could I realistically get in return?”
MIT replacing Princeton at No. 1 makes the headline.
But for students and parents trying to decide whether college is worth the cost, the growing emphasis on outcomes, affordability and post-graduation earnings may ultimately be the more important story.
Source: U.S. News & World Report, 2027 Best Colleges rankings, released September 22, 2026.
U.S. News & World Report press release:
MIT Claims No. 1 Spot in U.S. News 2027 Best Colleges Rankings PR Newswire
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