Big Lots, Inc. Stock News

Big Lots has struck a deal to keep hundreds of stores from shuttering. The bankrupt discount retailer announced Friday (Dec. 27) that it had agreed to sell itself to Gordon Brothers Retail Partners, a capital markets company that will transfer Big Lots' stores, distribution centers and other assets to other retailers.

The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.

The bankrupt Big Lots home goods closeout retailer just announced its planned sale to Nexus Capital Management has hit the skids so it will begin going-out-of-business sales (GOB) at its remaining 900 stores; it has already closed about 400 stores this year.

Big Lots said it does not anticipate closing the sale to Nexus Capital, months after initiating bankruptcy proceedings under Chapter 11.

Big Lots said Thursday (Dec. 19) that it is preparing to begin going out of business (GOB) sales at all its remaining stores after determining that it no longer expects to complete its previously announced sale to Nexus Capital Management.

Big Lots' Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company's business model, particularly its struggle to adapt to the digital age.

Company Remains Committed to Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio , Nov. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG) (the "Company") today announced that it has received court approval for the sale of substantially all of the Company's assets and ongoing business operations to an affiliate of Nexus Capital Management LP ("Nexus"). The sale, whic...

COLUMBUS, Ohio , Nov. 8, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) today announced the launch of a new Big Lots app is designed to enhance the shopping experience for its valued customers. The app is available for current and new Big Reward members, bringing a host of new features and benefits for its loyal customers.