The states with the most Big Lots locations up for sale on the list are Texas (72), New York (49) and Florida (44).
However, she concluded that the sale is the best option available and maximizes the value of Big Lots’ assets in order to repay creditors. Under the deal, Gordon Brothers will acquire Big Lots ...
Almost 500 Big Lots employees in Montgomery will be out of a job by mid-January. A recent WARN notice — postings which are required by federal law to notify workers before mass layoffs ...
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 ...
Months after discount retailer Big Lots filed bankruptcy in late 2024, the chain has reached a deal to keep hundreds of stores open, it announced in a Dec. 27 news release. In a transaction with ...
Despite announcing nationwide going out of business sales right before Christmas, Big Lots has reached a deal to keep hundreds of its stores open. The retailer announced a transaction with Boston ...
Big Lots, which is in the middle of a Chapter 11 bankruptcy reorganization, said in a press release that the deal sets up the transfer of its assets – stores, distribution centers and ...
Big Lots has announced that not all store locations ... The liquidation sales apply to toys, home decor, furniture, and apparel. The new agreement is subject to approval by the Bankruptcy Court ...
Home goods chain Big Lots got a reprieve to keep hundreds of ... saying the offer was the best option after an initial bankruptcy deal fell apart last month. Shortly after Christmas, the Columbus ...
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.
Discount retailer Big ... may pay up to $495 million on the deal to cover debt payoffs, administrative and winddown costs and escrow funds as part of the asset purchase agreement. Big Lots filed ...