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Big Lots will soon enter a sale process supervised by the U.S. Bankruptcy Court for the District of Delaware and close an unspecified number of stores. It had 1,392 locations as of May 4 ...
Big Lots has entered into a sale agreement with Nexus Capital Management LP in a “Stalking Horse Bid,” the initial bid on the company that sets the baseline against other buyers’ offers.
Earlier this summer, Big Lots told the SEC it planned to close 35 to 40 stores, which quickly grew to hundreds. Additional store closures are expected "as part of the court-supervised sale process." ...
Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates. That has led customers to change their purchasing behavior. They’re seeking out value ...
Big Lots will continue to sell goods at its stores, and online, during the court-supervised sale process. Big Lots CEO Bruce Thorn said in a statement released to the media, “The actions we are ...
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Republicans are racing to plug a massive money hole — before it’s too late. The leader of House Republicans’ biggest super PAC told donors last month he needed $35 million more to compete ...