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Big Lots is among the many well-known retailers to file for bankruptcy in 2024 as consumers cut into discretionary spending. Last week, Party City announced it filed for bankruptcy protection and ...
Big Lots Stores, Inc. (stylized as Big Lots! ) is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio , and includes over 900 locations across the United States.
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Big Lots has been closing hundreds of stores since the beginning of the year. At its peak, it had more than 1,400 locations across the United States. At its peak, it had more than 1,400 locations ...
A big-box store, a hyperstore, a supercenter, a superstore, or a megastore is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores. [1]
The Big Lots chain still exists. It has entered chapter 11 bankruptcy, which is a restructuring bankruptcy. Chapter 11 is a restructuring bankruptcy, not a liquidation bankruptcy. Big Lots has been sold to a private equity company and will be restructured. The use of the past tense "was" in the article is incorrect.