(NEXSTAR) — Nearly 50 additional Big Lots stores are set to close as the company navigates through its Chapter 11 bankruptcy protection filings. The Ohio-based company announced earlier this ...
Big Lots plans to close 35-40 stores this year, highlighting economic challenges facing large retailers. The closures include four stores in Michigan.
Closing more locations will allow the company to have a “more focused footprint” and conduct business efficiently, said ...
In premarket trading shares slid 40% to 30 cents. RELATED: Big Lots to close west Columbus distribution center, laying off 379 employees The bankruptcy filing comes days after Big Lots said it was ...
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 ...
The company will also work on its distribution center model. In a June financial disclosure, Big Lots reported a drop in sales of 10.2% between the first quarters of 2023 and 2024, equating to a ...
It also said it is continuing to evaluate its distribution centers. Big Lots just closed about 300 locations, about a fifth of its stores across the country, and last week announced the closing of ...
Big Lots will also continue to evaluate and optimize its distribution center model. Earlier in July, the discount retail chain with about 1,400 stores, in a U.S. Securities and Exchange Commission ...
NEW YORK — 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 ...