by Mike Duff | Dec 20, 2024 | Featured News, Retail Articles
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...
by Mike Duff | Nov 25, 2024 | Retail Articles
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...
by Mike Duff | Nov 11, 2024 | Retail Articles
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...
by Mike Duff | Oct 31, 2024 | Retail Articles
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...
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,...
