National retailer Big Lots, which is based in Columbus, Ohio, announced Thursday that it will begin having Going Out of Business sales at all of its remaining stores.
“We all have worked extremely hard and have taken every step to complete a going concern sale,” Big Lots’ President and CEO Bruce Thorn said. “While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process.”in early September to help facilitate the sale of “substantially all” of its assets to its “stalking horse bidder” Nexus Capital Management.
In the second quarter, Big Lots generated $1.05 billion in net sales, an over 8% decline compared to the same three-month period last year. Its quarterly net loss was nearly $238.46 million.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Big Lots to Begin 'Going Out of Business' Sales After Bankruptcy FilingBig Lots, a discount retailer, will start 'going out of business' sales at its remaining stores. This comes after the company filed for bankruptcy and failed to complete a sale to Nexus Capital Management. Big Lots CEO Bruce Thorn stated that the company is still pursuing other sale options and hopes to finalize a deal by January.
Bron: NBCDFW - 🏆 288. / 63 Lees verder »
Big Lots to Begin 'Going Out of Business' Sales as Sale Falls ThroughDiscount retailer Big Lots will initiate 'going out of business' sales at its remaining 963 stores, following the collapse of its planned sale to Nexus Capital Management. The company, facing bankruptcy, hopes to secure an alternative deal by January.
Bron: NBCPhiladelphia - 🏆 569. / 51 Lees verder »
Big Lots to Begin 'Going Out of Business' SalesBig Lots, facing closure after bankruptcy, will initiate 'going out of business' sales at its remaining stores. The retailer is actively seeking alternative sale options but may proceed with closures if a deal is not reached.
Bron: NBCNewYork - 🏆 270. / 63 Lees verder »
Big Lots Prepares for 'Going Out of Business' Sales After Sale Deal Falls ThroughBig Lots announced Thursday that its anticipated sale to Nexus Capital Management has fallen through. As a result, the retailer is preparing to host 'going out of business' sales at all remaining stores. However, Big Lots remains hopeful and is continuing to work towards completing an alternative transaction with Nexus or another party.
Bron: wsfa12news - 🏆 338. / 59 Lees verder »
Big Lots Prepares for 'Going Out of Business' Sales After Sale Falls ThroughBig Lots, facing the collapse of its sale to Nexus Capital Management, is preparing to shut down all its remaining stores. The company will initiate 'going out of business' sales.
Bron: FOX10News - 🏆 581. / 51 Lees verder »
Big Lots Announces 'Going Out of Business' Sales as Sale Deal Falls ThroughDiscount retailer Big Lots will begin 'going out of business' sales at its 963 remaining stores following the collapse of a potential sale to Nexus Capital Management. The company filed for bankruptcy in 2024 and previously closed 400 locations.
Bron: NBCDFW - 🏆 288. / 63 Lees verder »