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In October 2023, CreditRiskMonitor reported that Big Lots was nearing a potential Chapter 11 bankruptcy filing. [21] The company closed 52 stores in 2023. In July 2024, Big Lots announced the closure of 35 to 40 underperforming locations nationwide, blaming inflation and high rising costs as part of the decision.
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."
Updated September 9, 2024 at 10:20 PM. A Big Lots store in Los Angeles on Saturday. Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a ...
In 1997, Consolidated Stores Corporation bought out the remaining MacFrugals stores for $995 million (~$1.75 billion in 2023) in stock. [1] In 2002, Big Lots (formerly Consolidated Stores) converted them into the Big Lots brand. [2] in 2020, Pic ‘N’ Save was revived as a bargain store, as of 2023, it has two locations in United States
September 9, 2024 at 11:48 AM. Discounts have increased at the ten Big Lots stores closing their doors in New York as the discount retail chain announced its bankruptcy filing Monday. The Ohio ...
Tools. Revenue. $8 billion (2024) [3] Number of employees. 28,000 [4] Website. www.harborfreight.com. Harbor Freight Tools, commonly referred to as Harbor Freight, is an American privately held tool and equipment retailer, headquartered in Calabasas, California. It operates a chain of retail stores, as well as an e-commerce business.
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