BIG NUMBER | 1.4%
Consumers Aren't Sweating Higher Rates Spending remains robust Don't underestimate the public's willingness to shop—or how much their spending could help support stock prices. Amid rising interest rates, higher gas prices, and plenty of uncertainty, Americans are still buying.
BIG NUMBER | 2.59%
What Are Higher Yields Really Telling Us? Context matters when rates are rising Bond yields are the hot topic of the week due to two events: The Fed meeting to determine whether to raise a key short-term interest rate in an effort to reduce inflation.
Big Lots was ‘too expensive' — the discounter's new owner says
“The former Big Lots got too expensive and the assortment wasn't everyday,” said Lisa Seigies, chief executive of Variety Wholesalers, a discount retailer that bought Big Lots out of bankruptcy in January.
Big Lots to reopen more than 100 shuttered stores after bankruptcy filing
“We're excited to bring an additional 132 Big Lots! locations back to life in May,” said and CEO of Variety Wholesalers, which acquired more than 200 Big Lots stores.
Big Lots' Long Road Ahead: Discount Retailer Faces Challenges Despite Acquisition
Big Lots, a once-dominant player in the discount retail sector, faces an uncertain future following an acquisition by Gordon Brothers Retail Partners. The agreement, finalized Dec. 27, ensures hundreds of Big Lots stores will remain operational, as the assets of the bankrupt retailer are transferred to other entities, including Variety Wholesalers.
Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal
Up to a half of Big Lots stores look set to be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets.
Big Lots gets green light for last-minute sale of 200 to 400 stores
US bankruptcy judge Kate Stickles rubber-stamped the sale at a court hearing in Wilmington, Delaware.
Big Lots Deal Rescues Hundreds of Stores From Closure
Big Lots has struck a deal to keep hundreds of stores from shuttering. The bankrupt discount retailer announced Friday (Dec. 27) that it had agreed to sell itself to Gordon Brothers Retail Partners, a capital markets company that will transfer Big Lots' stores, distribution centers and other assets to other retailers.
Big Lots reaches deal to keep hundreds of stores open, save jobs
The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.
Big Lots Announces ‘Going Out Of Business Sale' As Nexus Acquisition Falls Through
The bankrupt Big Lots home goods closeout retailer just announced its planned sale to Nexus Capital Management has hit the skids so it will begin going-out-of-business sales (GOB) at its remaining 900 stores; it has already closed about 400 stores this year.
Big Lots to start holding ‘going out of business' sales at remaining locations
Big Lots said it does not anticipate closing the sale to Nexus Capital, months after initiating bankruptcy proceedings under Chapter 11.
Big Lots Says Previously Announced Sale Has Fallen Through
Big Lots said Thursday (Dec. 19) that it is preparing to begin going out of business (GOB) sales at all its remaining stores after determining that it no longer expects to complete its previously announced sale to Nexus Capital Management.
