Retail took some surprising twists in 2024, as the view forward from 2023 didn’t reveal how the way forward would have so many twists and turns. Of course, some developments fell into old patterns and some weaker retailers fell by the wayside. Meanwhile, an...
Although it is exploring an alternative deal that might keep at least some of its stores in operation, Big Lots announced that it does not anticipate completing an asset purchase agreement with Nexus Capital Management and will commence going-out-of-business sales. If...
As it looks to complete Chapter 11 bankruptcy proceedings, Big Lots announced it received court approval for the sale of substantially all of the company’s assets and ongoing business operations to a Nexus Capital Management affiliate. Big Lots reported it...
Big Lots has launched of a new app designed to enhance the shopping experience for its loyalty program members. Current and new Big Reward members can download the already available Big Lots app, which provides in-store rewards access, a personalized dashboard for...
In its bankruptcy proceeding, Big Lots has filed notice of a successful bidder for its assets, Gateway BL Acquisition, an affiliate of Nexus Capital Management. In early September, Big Lots initiated voluntary Chapter 11 proceedings in the United States Bankruptcy...
