NEW YORK, Dec 31 (Reuters) - 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.

A lawyer for Serta Simmons said that Big Lots had racked up $250 million in debt even after it realized it didn’t have the funds to pay for new orders. While the deal is underway for now ...

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Beth Rogers, an attorney for Serta, said on Tuesday that Big Lots continued to order furniture and other inventory even after realizing it would not have the funds to pay for them, racking up $250 ...

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