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Big Lots was the fourth-largest home goods retailer in the U.S. when it filed for bankruptcy, with $4.7 billion in 2023 revenue, 1,392 stores at the beginning of 2024, and more than 27,000 employees.
Big Lots Stores, Inc. (stylized as Big Lots! ) is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio , and includes over 900 locations across the United States.
The Big Lots chain still exists. It has entered chapter 11 bankruptcy, which is a restructuring bankruptcy. Chapter 11 is a restructuring bankruptcy, not a liquidation bankruptcy. Big Lots has been sold to a private equity company and will be restructured. The use of the past tense "was" in the article is incorrect.
Big Lots has secured commitments for $707.5 million of financing, including $35 million in new funding from some of its current lenders. If approved by the bankruptcy court, the financing is ...
A Big Lots spokesperson told CNN on Saturday that they could not provide additional details about the deal. Big Lots is among the many well-known retailers to file for bankruptcy in 2024 as ...
In April 2011 Sleepy's was cleared by Connecticut Attorney General George Jepsen of charges regarding complaints of bed bug infestations and accusations of reselling used mattresses. [20] In 2014, Sleepy's was ranked last of 15 major mattress retailers listed in a poll of Consumer Reports readers, the same result it had reported in its 2012 ...
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