Big Lots files for Bankruptcy

Not a store I’ve shopped at in many, many years – actually, since they closed the Naper/Ogden location it’s been pretty much off my radar (here’s my snarky 2017 post).  It was an “interesting” shopping experience and I do miss it.  Here’s the article about Big Lots filing for bankruptcy early this morning.

Big Lots’ plan to bring back the bargains will have to be carried out under new ownership. The closeout retailer filed for bankruptcy early Monday morning and plans to close more stores – but it expects to emerge from bankruptcy after selling to a new owner who’s committed to “owning the extreme bargain space.”

The bankruptcy filing shortly after midnight names an affiliate of investment firm Nexus Capital Management as Big Lots’ proposed new owner. That’s subject to the bankruptcy court’s approval, and subject to potential higher bids from other interested parties.  Full Coupons in the News article here:

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