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Salinas Big Lots store among closures
More Big Lots store locations closing as company files for bankruptcy and new owner takes over
Closing more locations will allow the company to have a “more focused footprint” and conduct business efficiently, said President and CEO Bruce Thorn.
Big Lots store closures coming as company files for Chapter 11 bankruptcy protection
Big Lots has seen sales decline for nine consecutive quarters at stores that have been open for at least a year, according to FactSet. While specifics were not disclosed, the company will be closing some stores as it navigates the bankruptcy process.
Big Lots files for bankruptcy, sells to PE firm as it promises to keep offering 'extreme bargains'
Big Lots filed for bankruptcy protection, citing stubborn inflation, high interest rates and a slowdown in consumer spending on home goods such as furniture and decor. Private equity firm Nexus Capital Management has agreed to buy Big Lots for $760 million,
11h
Big Lots signs sale deal with Nexus, initiating Chapter 11 process
In February 2024, Big Lots finalised a deal to acquire the entire inventory of the Hearthsong brand of children’s toys. "Big ...
3d
on MSN
Big Lots delays the release of its earnings report
Big Lots (NYSE:BIG) announced it has postponed the release of its FQ2 earnings report for the period that ended on August 3. ...
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