Home goods chain Big Lots got a reprieve to keep hundreds of stores open after a bankruptcy judge approved a last-minute sale ...
Ohio-based Big Lots announced it would close the remainder of its stores and will hold 'going out of business' sales.
The Columbus, Ohio-based retailer, which sells furniture, home decor and ... every step to complete a going concern sale,” said Bruce Thorn, Big Lots’ president and CEO said in a statement.
The company said it would continue selling furniture, home décor and various other items through the bankruptcy process. Big Lots’ original plan was a sale to Los Angeles-based hedge fund Nexus ...
Tepid home goods sales, online competition and a brand identity crisis have taken their toll on the discount retailer, ...
Retailer Big Lots on Tuesday received a bankruptcy judge's approval for a last-minute sale that would allow 200 to 400 stores to remain open under new ownership.