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Big Lots store closures coming
Big Lots store closures coming as company files for Chapter 11 bankruptcy protection
Big Lots has seen sales decline for nine consecutive quarters at stores that have been open for at least a year, according to FactSet. While specifics were not disclosed, the company will be closing some stores as it navigates the bankruptcy process.
More Big Lots store locations closing as company files for bankruptcy and new owner takes over
Closing more locations will allow the company to have a “more focused footprint” and conduct business efficiently, said President and CEO Bruce Thorn.
Big Lots Files for Bankruptcy. Retail Defaults Are Piling up.
There have been 24 retail bankruptcies this year as of August, marking the fastest pace of defaults since 2020.
2h
Big Lots Sold for $760 Million; Files Chapter 11 Petition
Big Lots agreed to sell to Nexus Capital Management for $760 million as the stalking-horse bidder in its Chapter 11 ...
3d
on MSN
Big Lots delays the release of its earnings report
Big Lots (NYSE:BIG) announced it has postponed the release of its FQ2 earnings report for the period that ended on August 3. ...
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