by Mike Duff | Oct 9, 2024 | Retail Articles
In a filing with the United States Bankruptcy Court for the District of Delaware, Big Lots identified leases it is ready to depart and stores it is ready to close, now combining for a total of nearly 500. After initially listing 179 leases it was prepared to reject,...
by Mike Duff | Sep 23, 2024 | Retail Articles
Ollie’s has announced that it will open ten of its off-price stores in Texas, all of which are former 99 Cents Only locations the company acquired. The new Ollie’s stores will operate in the Dallas, Houston, McAllen and San Antonio markets, the company noted. ...
by Mike Duff | Sep 9, 2024 | Featured News, Retail Articles
After weeks of speculation about company finances, Big Lots announced that it filed for Chapter 11 bankruptcy protection after entering into an agreement with an affiliate of Nexus Capital Management under which the financial firm would acquire substantially all of...
by Mike Duff | Sep 6, 2024 | Retail Articles
After posting a weak first quarter, Big Lots announced it has postponed until next week the release of its financial results for the second quarter of its fiscal 2024 ended August 3. After originally scheduling September 6 as the date for the financial results...
by Mike Duff | Sep 4, 2024 | Retail Articles
As it moves to its next phase of the business, Rite Aid Corp. announced that it has emerged from Chapter 11 bankruptcy protection and appointed Matt Schroeder CEO. Rite Aid declared bankruptcy in October of last year. With the emergence, Rite Aid will operate as a...
