As an expansion of its efforts to “aggressively address underperforming stores,” Big Lots is increasing its store closure range from 150 to 315 stores. The company, which has reconfigured financing as it has suffered losses and lower comparable sales, has entered into...
Adjusted net losses grew at Big Lots in its first quarter, coming in well short of Wall Street expectations after comparable sales slipped almost 10% in the quarter. Net loss was $205 million, or $6.99 per diluted share, versus $206.1 million, or $7.10 per diluted...
As it looks to address costs and lagging sales, Big Lots has increased its borrowing capacity by up to $200 million with a new FILO term loan facility through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The loan significantly enhances Big Lots’...
