COLUMBUS, Ohio — In a letter to employees obtained by sister publication Furniture Today, Big Lots President and CEO Bruce Thorn said the Top 100 retailer could return to profitability by 2025.
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.
Big Lots, which sells furniture, home decor and other items, said in a statement on Monday that high inflation and interest rates have hurt its business as consumers have pulled back on their home ...
Big Lots said Los Angeles-based investment company ... flush with stimulus payments and nowhere to go spent that money on furniture and other goods at the Columbus-based retailer.
U.S. discount retail chain Big Lots filed for bankruptcy and agreed to sell its business to an affiliate of private-equity firm Nexus Capital Management, becoming the latest retail casualty as ...
Shares hit as much as $70 three years ago when consumers, flush with stimulus payments, headed to Big Lots to stock up on food and buy furniture and other items for their homes. But the company's ...