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Stock impact report

Big Lots bankruptcy: List of closing store locations in new Chapter 11 filing as retailer announces sale to private equity [Yahoo! Finance]

Big Lots, Inc. (BIG) 
Last big lots, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NYSE Investor Relations: biglots.com/corporate/investors
Company Research Source: Yahoo! Finance
As part of its efforts to stabilize, the company is closing a significant number of stores. The bankruptcy follows a series of financial losses, a shrinking customer base, and escalating operational costs. Most Read from Fast Company It's time to get your iPhone ready for iOS 18. Here's how This iconic sneaker brand disappeared for 40 years. Now it's making a comeback Sizzler is back from the brink with a shiny new brand and ambitions to match The struggling retailer secured $707.5 million in financing to maintain its operations during the restructuring process, and announced plans to sell its business to Nexus Capital Management, a private equity firm, which has been named the “stalking horse bidder” —a designation that means that Nexus's offer sets the minimum bid in a court-supervised auction, with the sale expected to close in the fourth quarter of 2024 if no higher bids emerge. In a statement, CEO Bruce Thorn said, “The actions we are taking today will enable us to mo Show less Read more
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