Ohio-based Big Lots files for bankruptcy after store closings [Yahoo! Finance]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
COLUMBUS, Ohio ( WCMH ) — Big Lots, the discount retail chain headquartered in central Ohio, has filed for bankruptcy and could soon be under new ownership after shuttering more than 300 stores earlier this summer. The chain announced on Monday it has filed for Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. As part of the court filing, the chain has entered into a sale agreement with private equity firm Nexus Capital, who will acquire all the company's assets and business operations. “The actions we are taking today will enable us to move forward with new owners who believe in our business and provide financial stability, while we optimize our operational footprint, accelerate improvement in our performance, and deliver on our promise to be the leader in extreme value,” said Bruce Thorn, president of Big Lots, in a release. Columbus gas prices drop again, approaching $3 per gallon Big Lots said, as part of the court-supervised sale process,
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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