Discount retailer Big Lots declares bankruptcy, citing inflation [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
The Columbus, Ohio-based company said it intends to sell its assets and what remains of its business to private equity firm Nexus Capital Management. The bankruptcy filing comes a month after Big Lots said it would close as many as 315 stores nationwide, with additional closures coming. "Though the majority of our store locations are profitable, we intend to move forward with a more focused footprint," Bruce Thorn, the retailer's president and CEO, said in a statement The retailer's core customers have cut their discretionary spending on home and seasonal products, which make up a large portion of Big Lots' revenue, the company noted. Bankruptcy seemed inevitable for the chain, which has posted 16 consecutive quarters of comparable sales declines, according to Neil Saunders, managing director of GlobalData. But he rejected the notion that the retailer's troubles are entirely due to a challenging economic backdrop. "Big Lots is not always good value for money. Many of the item
Show less
Read more
Impact Snapshot
Event Time:
BIG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BIG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BIG alerts
High impacting Big Lots, Inc. news events
Weekly update
A roundup of the hottest topics
BIG
News
- BIG LOTS RECEIVES COURT APPROVAL FOR SALE TO NEXUSPR Newswire
- Buyer could acquire Big Lots in $760M deal; set to close 4 area stores [Yahoo! Finance]Yahoo! Finance
- Private Equity Investors Line Up Deals For Big Lots And LL Flooring [Forbes]Forbes
- ‘Tadpole water' is the latest TikTok wellness trend. Does it work? [Yahoo! Finance]Yahoo! Finance
- Big Lots Chapter 11 Could Mean Growth Opportunity For Ollie's Bargain Outlet, Analyst Says [Yahoo! Finance]Yahoo! Finance
BIG
Earnings
- 6/6/24 - Miss
BIG
Sec Filings
- 9/10/24 - Form 25-NSE
- BIG's page on the SEC website