Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales.. The Columbus, Ohio-based company plans to sell its ...

Major discount chain Big Lots has announced it is filing for Chapter 11 bankruptcy and of the company’s 1,400 stores nationwide, some will close "to ensure that our business operates efficiently" ...

Big Lots Files For Bankruptcy, But Plans To Stay In Business. Story by couponsinthenews • 1w. B ig Lots’ plan to bring back the bargains will have to be carried out under new ownership.

Big Lots said it filed for bankruptcy protection to facilitate the sale to Nexus, an operator of an assortment of brands such as the Dollar Shave Club, FTD and Sugarbear.

Big Lots' president and CEO, Bruce Thorn, addressed the bankruptcy as well, saying in a statement: “The actions we are taking today will enable us to move forward with new owners who believe in ...

A shopper leaves the Big Lots store on Dec. 4, 2012, in Berlin, Vermont. (AP Photo/Toby Talbot, file) Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with ...

"These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm ...