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Earlier this summer, Big Lots told the SEC it planned to close 35 to 40 stores, which quickly grew to hundreds.Additional store closures are expected "as part of the court-supervised sale process."
Big Lots plans on closing up to 40 locations by the end of 2024. It its filing, Big Lots pointed to declining revenue due to a drop in net sales, along with prolonged sales slides across Big Lots ...
August 13, 2024 at 5:33 PM. Michele Eve Sandberg/SIPAPRE/AP. Big Lots is closing more than 300 locations across the United States, or roughly a quarter of its stores, following an earlier warning ...
A store, Big Lots Store No. 1, was in Berwick Plaza Shopping Center in Columbus, Ohio. The first store in the Big Lots chain was a former Kroger store in the same shopping center. The store later moved to the former Buckeye Mart/Sarco building on Winchester Pike.
Big Lots' president and CEO, Bruce Thorn, addressed the bankruptcy as well, saying in a statement: “The actions we are taking today will enable us to move forward with new owners who believe in ...
Big Lots has secured commitments for $707.5 million of financing, including $35 million in new funding from some of its current lenders. If approved by the bankruptcy court, the financing is ...
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