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Financially struggling closeout retailer Big Lots filed for bankruptcy protection on Monday, blaming inflation and high interest rates for taking a toll on its customers. Big Lots said Los Angeles ...

Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer ...

In a statement, Big Lots said filing for voluntary bankruptcy in the District of Delaware was necessary to facilitate the sale of the company and its subsidiaries. Big Lots said it will be closing ...

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." The retailer ...

9, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ...

Big Lots said that its performance has been improving, but that its board determined during a strategic review that the proposed sale to Nexus was the right move for the business. The company had ...

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 ...

and the closures are part of a sale agreement with an affiliate of Nexus Capital Management LP, Big Lots announced in a news release Monday. The company has initiated Chapter 11 proceedings in ...

[Photo: Eric Thayer/Bloomberg via Getty Images] BY Tracy Brown Hamilton 5 minute read Discount home goods retailer Big Lots has filed ... with the sale expected to close in the fourth quarter ...