Big Lots is closing 19 more stores as it moves through the Chapter 11 bankruptcy process.
After the chain filed for Chapter 11 bankruptcy, Big Lots transferred ownership of its stores and business operations to private equity firm Nexus Capital Management.
The company’s decision to file for Chapter 11 bankruptcy comes amid economic conditions such as “high inflation and interest rates,”“The prevailing economic trends have been particularly challenging to Big Lots, as its core customers curbed their discretionary spending on the home and seasonal product categories that represent a significant portion of the Company’s revenue,”Wendy‘s closing 140 more ’outdated' and ‘underperforming’ restaurants by the end of the yearWalgreens plans to close...
Big Lots is closing more locations in N.J.: See the full list to find out if your local store is affected If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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