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Big Lots said Monday that it has filed for Chapter 11 bankruptcy protection from its debts, with the discount retailer citing inflation and high interest rates for hurting its business.
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.
Many Big Lots locations have announced closing sales, in some cases up to 20%. But it pays to do your homework before snatching up supposed deals. Some shoppers have reported some savings , but in ...
A U.S. bankruptcy judge approved the sale, but it’s still “subject to approval by the Bankruptcy Court and other customary closing conditions,” according to Big Lots. And as we’ve seen ...
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 ...
When Big Lots announced it was filing for Chapter 11 bankruptcy protection in September, it planned on closing more than 340 stores, USA TODAY reports. Another 50 closures were announced in October.
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 the U.S ...
Here's the status of the stores with Treasure Coast locations: Big Lots What happened: Big Lots announced it plans to close 35 to 40 stores this year, according to a filing to the U.S. Securities ...