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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 ...

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." ...

Discount retailer Big Lots Inc. has filed for bankruptcy protection and plans to sell the company's assets and ongoing business in a court-supervised process. The Columbus, Ohio-based company said ...

As part of the court-supervised sale process, the company is continuing to assess its operational footprint, which will include closing additional store locations. Big Lots will also continue to ...

Chapter 11 allows a company to continue operating while it works out a creditor repayment plan. Big Lots sought court protection after suffering from years of declining same-store sales and closing ...