Big Lots declares bankruptcy and agrees to be bought by ... - CBS News
WEBSep 9, 2024 · 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.
Big Lots files for bankruptcy: More store locations set to close
WEBSep 10, 2024 · Big Lots said in the news release it has focused on improving sales and profitability since the COVID-19 pandemic. Referring to factors such as high inflation and interest rates, the company said ...
Big Lots gets court OK for $550M in bankruptcy financing - Yahoo …
WEB6 days ago · Big Lots has secured $550 million in debtor-in-possession financing and up to an additional $157.5 million in new term loans days after entering bankruptcy with a debt load of $556.1 million.
Big Lots prepares bankruptcy filing with plans to sell stores ...
WEBSep 6, 2024 · (Reuters) - Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its chain of stores through a court-supervised process, Bloomberg...
Big Lots files for bankruptcy | CNN Business
WEBSep 9, 2024 · 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...
Big Lots is closing stores and filing for bankruptcy : NPR
WEBSep 10, 2024 · Discount retailer Big Lots is filing for bankruptcy as it prepares to be acquired, the company said Monday. The Ohio-based company will be acquired by Nexus Capital Management, “who believes in...
Big Lots filing for Chapter 11 bankruptcy, announces sales
WEBSep 9, 2024 · According to court documents, Big Lots is over $3 billion in debt to its 5,000 to 10,000 creditors. The company currently holds between $1-10 billion in assets. Big Lots currently has 1,389 ...
Big Lots is closing up to 315 stores. Here's where. - CBS News
WEBAug 7, 2024 · Big Lots plans to close as many as 315 stores nationwide, the embattled discount retailer disclosed in a regulatory filing. In addition to the closures, Big Lots detailed updated loan terms...
Big Lots is closing hundreds of stores after warning it could go ... - CNN
WEBAug 13, 2024 · Big Lots is closing more than 300 locations across the United States, or roughly 4% of its stores, following an earlier warning that its future was in “substantial doubt” amid ongoing financial...
Big Lots store closings: 35 to 40 locations to shutter amid struggles
WEBJul 10, 2024 · Discount retailer Big Lots plans to shut down 35 to 40 stores this year as it battles with worsening financials and a tough consumer market. In a filing to the U.S. Securities and Exchange...
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