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BIG LOTS CLOSES SALE TO GORDON BROTHERS RETAIL PARTNERS

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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. 

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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.

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Lifestyle

Reclassification of marijuana opens doors for much‑needed medical research into the benefits and risks of the drug

The DOJ’s move to reclassify medical marijuana as Schedule III could unlock long-blocked cannabis research—while raising new questions about safety, regulation, and risk.

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The new federal classification of marijuana regulates only medical use; recreational use is still determined by state laws. tvirbickis/iStock via Getty Images Plus

Carey S. Cadieux, Binghamton University, State University of New York

When the U.S. Department of Justice moved to reclassify medical marijuana to a Schedule III drug on April 23, 2026, it set the stage for a vast amount of medical research that has been hobbled for decades by its more restrictive Schedule I classification.

The Justice Department also called for an expedited federal rescheduling process, with proceedings expected to begin in late June 2026, but for now cannabis at the federal level remains a Schedule I drug.

I’m an associate professor of nursing and I edited a textbook for nurses about providing care with cannabis. Cannabis is the umbrella term for the plant genus that includes both marijuana and hemp – two varieties of the same plant distinguished primarily by their content of THC, one of the active components of cannabis.

Moving cannabis to a Schedule III drug ushers in the end of the cannabis prohibition era and the beginning of the regulation era, potentially creating promising opportunities around research and new therapeutics.

A man working in a cannabis shop reaches for a cannabis plant in a black pot.
Cannabis is a genus of flowering plants that includes marijuana and hemp. halbergman/iStock via Getty Images Plus

How are drugs regulated by ‘schedule’?

The Controlled Substances Act of 1970 categorizes all substances regulated under existing federal law into one of five schedules. The act regulates the manufacturing, importation, possession, use and distribution of substances on each schedule.

Several factors determine schedule placement, including the drug’s medical use, scientific evidence of its benefits and pharmacological effects, patterns and history of abuse, public health risk level, degree of physical or psychological addiction potential, and whether the drug can be used to make another controlled substance.

The Drug Enforcement Administration’s rescheduling of marijuana will move it from its current classification as a Schedule I drug, defined as having a high risk for abuse and no accepted medical use, to a Schedule III drug under the Controlled Substances Act. While still tightly regulated, Schedule III drugs are considered to have moderate to low risk for physical and psychological dependence and to have some medical benefits.

Other Schedule I drugs include heroin, psilocybin, LSD, peyote and MDMA, or ecstasy. These drugs cannot be dispensed or prescribed, with some exceptions. Current Schedule III drugs include ketamine, anabolic steroids, testosterone, products with less than 90 milligrams of codeine per dosage unit and some cannabinoids.

The move to reclassify medical marijuana products as Schedule III drugs applies only to those products certified by state-level medical cannabis programs. All other cannabis products remain a federal Schedule I drug, including those available from states’ recreational cannabis programs.

Impacts of cannabis reclassification

This legal order acknowledges that medical marijuana has some medical value and asserts that it has a lower potential for abuse than under the previous Schedule I classification.

The reclassification also ensures that state-registered medical cannabis patients continue to be permitted to purchase medical cannabis products without changes to their current certification or recommendation.

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One of the challenges with this new law is that states have not standardized medical cannabis regulations, and each state will have its own quality and testing standards. In Maine, for instance, medical cannabis is not tested for molds, fungus, heavy metals or pesticides, while recreational cannabis is.

This means that the Schedule III medical cannabis in Maine could be contaminated, while the state’s testing of recreational cannabis makes it much safer to consume.

Selection of cannabis products at a legal retail store.
The reclassification of cannabis will enable researchers to study the wide array of products in states where cannabis is legal. Zenkyphoto/iStock via Getty Images

What are the implications for marijuana research?

For decades, researchers have struggled to conduct high-quality research studies due to their lack of access to the cannabis products that patients actually use and restrictions on their processes.

With the reclassification, researchers who are registered with the DEA to research cannabis will be able to obtain cannabis flower and plant material, as well as manufactured cannabis products, such as tinctures and edibles, directly from state-licensed businesses that are DEA-registered.

This means researchers will no longer need to rely on the federal DEA registry for access to cannabis products for research, which were often inferior in quality and variety in comparison to the everyday products medical cannabis patients typically have access to. Instead, they will be able to study cannabis products that patients use in daily life, such as vapes and various edible products.

This shift in access will now allow researchers to undertake the gold standard of research approaches: the randomized controlled trial.

Randomized controlled trials will help researchers like my colleagues determine how effective cannabis is in treating people with complex medical needs. This includes patients who experience nausea and pain while undergoing cancer treatments, multiple sclerosis patients with severe muscle spasm and stiffness, and chronic pain patients who strive to find relief without using opioids.

Might rescheduling send mixed signals?

Rescheduling may lead people to believe that cannabis is safe for all people to consume.

However, a growing body of research points to possible adverse effects from cannabis use, particularly in vulnerable groups, such as people who are pregnant, adolescents, people with preexisting mental health conditions such as schizophrenia or psychosis, and those with cardiac issues.

Cannabis can also lead to adverse drug interactions. Therefore, medical patients should use it with discretion and under the guidance of a healthcare professional.

For most medical cannabis patients, THC doses should start low and gradually be increased.

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Rescheduling will be a big step toward helping researchers build a greatly needed solid body of evidence around both the benefits and potential harms of cannabis. But rescheduling should not be interpreted as a signal that cannabis is harmless.

Carey S. Cadieux, Associate Professor of Nursing, Binghamton University, State University of New York

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Automotive

Nissan’s New Strategy: Innovation Meets Consolidation in a Changing Auto Market

Nissan’s New Strategy: Nissan is reshaping its lineup with fewer models, more hybrid technology, and smarter vehicles. Here’s what’s staying, what’s changing, and what it means for drivers.

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Nissan’s New Strategy: Innovation Meets Consolidation in a Changing Auto Market
Nissan previewed the all‑new 2027 Rogue Hybrid e‑POWER during its Vision event in Japan, ahead of its U.S. and Canada launch in late 2026. The all-new Rogue Hybrid pairs the dependability, practicality and versatility customers expect from the nameplate with the introduction of hybrid e-POWER, Nissan’s unique system that provides the efficiency of a strong hybrid with the spirited driving character provided by electric motors. Nissan Motor Corp. USA

Nissan’s New Strategy

As the global auto industry pivots toward electrification and smarter technology, Nissan is taking a more measured approach—introducing new innovations while trimming its lineup to focus on core models that drive sales and long-term value.


🚗 A Leaner, More Focused Nissan

In recent years, Nissan has begun reshaping its global strategy, reducing the total number of models while strengthening key vehicles across major segments. The goal is clear: prioritize profitability, streamline production, and invest in technology where it matters most.

Rather than flooding the market with new nameplates, Nissan is concentrating on a smaller, more competitive lineup—particularly in high-demand categories like SUVs and crossovers.

Nissan’s New Strategy Explained: Fewer Cars, More Hybrids, Smarter SUVs

🔋 Innovation Where It Counts

Hybrid Technology Takes Center Stage

One of Nissan’s most important developments is its e-POWER hybrid system, which is set to debut more broadly in the U.S., particularly in the next-generation Nissan Rogue.

Unlike traditional hybrids, e-POWER uses a gasoline engine solely to generate electricity, while the wheels are driven by an electric motor. The result is a driving experience that feels closer to an EV—without requiring a charging station.

This technology reflects a growing industry reality: while electric vehicles are expanding, hybrids are emerging as a practical bridge for many consumers.


EV Evolution, Not Explosion

Nissan isn’t abandoning electric vehicles—it’s refining its approach.

The iconic Nissan LEAF is expected to return in a redesigned, crossover-style format, aimed at improving range, comfort, and mainstream appeal. However, Nissan is avoiding an aggressive all-electric push in favor of a balanced portfolio that includes gas, hybrid, and EV options.


Smarter Vehicles Through AI

Another key pillar of Nissan’s future is AI-assisted driving technology. The company plans to integrate advanced driver assistance and semi-autonomous features into a majority of its vehicles over the next several years.

These systems are designed to enhance:

  • Safety
  • Driver awareness
  • In-car connectivity

While less visible than a new engine or redesign, this shift could become one of Nissan’s most impactful long-term innovations.


🚙 The Core Lineup: What’s Staying

Nissan’s future lineup is built around a group of proven, high-demand models that continue to evolve with new technology and features.

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SUVs and Crossovers (The Backbone)

  • Nissan Kicks – Entry-level, affordable, and recently redesigned
  • Nissan Rogue – The brand’s best-seller and innovation leader
  • Nissan Pathfinder – Family-focused with growing tech upgrades
  • Nissan Armada – Large SUV with premium and performance appeal

These vehicles form a complete SUV ladder, covering nearly every price point and lifestyle.


Sedans (Reduced but Relevant)

  • Nissan Sentra – Recently updated and positioned as the primary sedan
  • Nissan Altima – Still available, though its long-term future is less certain

As consumer demand shifts toward SUVs, Nissan is scaling back—but not eliminating—its sedan offerings.


Trucks and Performance Models

  • Nissan Frontier – A key player in the midsize truck segment
  • Nissan Titan – Still present, but facing stiff competition
  • Nissan Z – A modern revival of Nissan’s performance heritage
  • Nissan GT-R – Nearing the end of its lifecycle, with a successor anticipated

These models help maintain Nissan’s identity beyond everyday transportation.


⚠️ Models Being Phased Out or Reevaluated

Not every vehicle is making the cut.

  • The Nissan Versa is being discontinued after 2025
  • The Nissan Ariya is seeing strategy adjustments depending on market demand
  • Some low-volume global models are being eliminated as part of a broader consolidation effort

This reflects a broader industry shift: automakers are prioritizing efficiency and profitability over sheer volume.


🔍 The Role of the Nissan Kicks

One standout in this transition is the Nissan Kicks, which represents Nissan’s practical, value-driven approach.

Recently redesigned, the Kicks offers:

  • Modern infotainment and safety features
  • Improved comfort and available all-wheel drive
  • Strong fuel efficiency at an affordable price point

While it doesn’t showcase cutting-edge hybrid or EV technology, it plays a crucial role as an entry-level gateway into the Nissan brand.


🧭 Industry Context: Why This Shift Matters

Nissan’s strategy mirrors broader trends shaping the automotive industry:

  • EV adoption is growing—but unevenly
  • Hybrids are gaining traction as a transitional solution
  • SUV demand continues to dominate global markets
  • Cost control and profitability are now top priorities

By focusing on fewer, stronger models, Nissan aims to remain competitive in a rapidly evolving landscape.


🧾 Bottom Line

Nissan is not simply cutting models—it’s redefining its identity.

  • ✔️ Investing in hybrid technology, AI, and core SUVs
  • ✔️ Maintaining key sedans, trucks, and performance vehicles
  • ❌ Eliminating underperforming and low-demand models

The result is a lineup that is leaner, more technologically advanced, and better aligned with today’s market demands.

Sources

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The Knowledge

Metrolink Offers Fare-Free Rides for Earth Day 2026 Across Southern California

Metrolink offers fare-free rides for Earth Day 2026 across Southern California, encouraging sustainable travel and reduced emissions.

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Last Updated on April 21, 2026 by Daily News Staff

Metrolink Offers Fare-Free Rides for Earth Day 2026
Image Credit: Metrolink

Metrolink Offers Fare-Free Rides for Earth Day 2026

LOS ANGELES — April 22, 2026 — In a continued push toward sustainable transportation, Metrolink will once again offer systemwide free rides on Earth Day, inviting commuters and travelers to leave their cars behind and explore a cleaner way to move across the region.

A One-Day Opportunity to Ride Free

On Wednesday, April 22, passengers can board any Metrolink train — including the Arrow service — without purchasing a ticket. The initiative is part of the broader celebration of Earth Day, encouraging environmentally conscious travel choices.

The fare-free program is designed to appeal to both regular riders and first-time users, particularly those navigating Southern California’s persistent traffic congestion and rising fuel costs.

ml earth emailheader eng.jpg
Image Credit: Metrolink

Encouraging Sustainable Travel Habits

“Earth Day is a reminder that small changes, like choosing public transit over driving one day a week, can have a meaningful impact on our environment,” said Doug Chaffee, chair of the Metrolink Board.

With gas prices continuing to strain household budgets, the agency hopes the initiative will inspire more residents to consider rail as part of their regular commute.

Regional Connections Expand Access

Metrolink’s Earth Day promotion aligns with similar efforts by other Southern California transit providers. Riders can seamlessly connect to services operated by: LA Metro and the Orange County Transportation AuthorityRiverside County Transportation CommissionSan Bernardino County Transportation Authority and Ventura County Transportation Commission.

These partnerships extend the reach of fare-free travel across a six-county region, making it easier for riders to explore destinations without relying on personal vehicles.

Service Adjustments and Rider Tips

Passengers should note that trains will operate on a reduced weekday schedule, implemented earlier this spring. Despite the adjustment, all Metrolink lines and station cities remain in service.

For those planning a trip:

  • No ticket is required — simply board the train
  • Bikes are welcome, with capacity ranging from three bikes per standard car to nine in designated bike cars
  • A curated destination guide highlights attractions within walking or biking distance of stations

Environmental and Economic Impact

Metrolink is also promoting its Personal Impact Calculator, a digital tool that allows riders to estimate how switching from driving to rail can reduce greenhouse gas emissions and lower fuel expenses.

A Broader Trend in Public Transit

Fare-free transit days have gained traction nationwide as agencies look to boost ridership and promote sustainability. Southern California’s expansive commuter rail network makes it particularly well-suited for such initiatives, offering a viable alternative to one of the country’s most car-dependent regions.


Bottom Line

Metrolink’s Earth Day promotion is more than a one-day free ride — it’s a strategic effort to shift commuter behavior, reduce environmental impact, and showcase the convenience of regional rail. For Southern Californians, April 22 presents a low-risk opportunity to rethink how they travel.

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Source: Metrolink

https://metrolinktrains.com/news/metrolink-goes-fare-free-for-earth-day-on-april-22

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