Big Lots, which filed for Chapter 11 bankruptcy protection in September, plans to close more than 340 stores across the US as part of a sale agreement. The retailer has also sought court approval to continue paying employees and vendors during the bankruptcy process.

The discount retailer cites inflation and interest rates for hurting its business and plans to close more than 300 stores. It expects to emerge from Chapter 11 with $707.5 million of financing and a new owner.

(Bloomberg) -- Big Lots Inc. delayed a key court hearing on whether private equity firm Nexus Capital Management should be named the lead bidder at a potential bankruptcy auction after saying ...

Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer ...

On Sept. 9, Big Lots filed for Chapter 11 protection, citing estimated assets of $1,000,000,001 to $10 billion against estimated liabilities of $1,000,000,001 to $10 billion to an estimated 5,001 ...

The discount home goods retailer plans to close nearly 300 stores and operate normally as it seeks new owners. It cites inflation, interest rates and a slowdown in consumer spending as challenges.