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RIP Big Lots (?)
Posted: Sat Dec 21, 2024 9:44 am
by silverscreenselect
Discount retailer Big Lots announced Thursday it will be closing all its remaining locations early in 2025 as part of its bankruptcy settlement. It had already closed hundreds of stores earlier. The sales will begin in a few days. (I already received an email announcing the going-out-of-business sale.) However, the company is still trying to find a buyer, and, if they do, the liquidation and the sales will be canceled.
https://www.axios.com/2024/12/20/big-lo ... bankruptcy
Re: RIP Big Lots (?)
Posted: Mon Dec 23, 2024 9:25 am
by earendel
silverscreenselect wrote: ↑Sat Dec 21, 2024 9:44 am
Discount retailer Big Lots announced Thursday it will be closing all its remaining locations early in 2025 as part of its bankruptcy settlement. It had already closed hundreds of stores earlier. The sales will begin in a few days. (I already received an email announcing the going-out-of-business sale.) However, the company is still trying to find a buyer, and, if they do, the liquidation and the sales will be canceled.
https://www.axios.com/2024/12/20/big-lo ... bankruptcy
Party City is also going out of business.
Re: RIP Big Lots (?)
Posted: Sat Dec 28, 2024 5:49 pm
by silverscreenselect
Big Lots has found a buyer for 200-400 of its stores. Gordon Brothers, which specializes in buying distressed retailers, will acquire these stores and keep them operating under the Big Lots name. The remaining stores will probably still be closing down.
Re: RIP Big Lots (?)
Posted: Sun Dec 29, 2024 12:01 pm
by Bob Juch
silverscreenselect wrote: ↑Sat Dec 28, 2024 5:49 pm
Big Lots has found a buyer for 200-400 of its stores. Gordon Brothers, which specializes in buying distressed retailers, will acquire these stores and keep them operating under the Big Lots name. The remaining stores will probably still be closing down.
That's out of 960 stores!