Big Lots files for bankruptcy protection. Will more store closures follow? [Yahoo! Finance]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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US:NYSE Investor Relations:
biglots.com/corporate/investors
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Source: Yahoo! Finance
The filing will result in more store closures beyond the 315 announced in early August, the company revealed in a statement posted on its website. The August announcement affected 26 of 106 Big Lots stores in Florida, including 10 of 17 operating in the tricounty region of South Florida. Prior to the August announcement, Big Lots operated 1,389 stores in the United States. Monday's statement did not specify which additional stores will be closed, saying only they will be identified as the company continues to “assess its operational footprint.” CEO Bruce Thorn said the company has entered into an agreement with an affiliate of Nexus Capital Management LP to purchase all of the company's assets and ongoing business operations. The company expects to close the transaction before the end of the year, the statement said. The bankruptcy filing, in U.S. Bankruptcy Court in Delaware, was necessary “to facilitate the transaction,” the statement said. “The actions we are taking to
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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