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Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor.. As ...
Big Lots said should Nexus win the auction, it expects the sale to close before the end of the year. Big Lots has secured $707.5 million of financing that, couple with cash generated from the ...
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."
US$1.41 billion (2021) Number of employees. 22,900 [4] (2018) Subsidiaries. LW Stores (defunct) Website. biglots.com. Big Lots Stores, Inc. (stylized as Big Lots!) is an American discount retail chain headquartered in Columbus, Ohio.
Closeout (sale) A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale), over-ordering, or especially because of bankruptcy. [2]
Big Lots said Monday that it has filed for Chapter 11 bankruptcy protection from its debts, with the discount retailer citing inflation and high interest rates for hurting its business.
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