Big Lots has more than 1,300 stores across 48 states, making it one of the largest discount retailers in the US.
However, it suffered 16 straight quarters of comparable sales declines and is in the process of closing hundreds of stores.

The retailer agreed to sell its business to private equity firm Nexus Capital Management. As a “stalking horse bidder,” Nexus will buy the business if no other parties submit a better offer. During the process, Big Lots’ locations and website will remain open for shopping.

You've read 0 of 2 free articles this month.

Get more articles - create your free account today!

Products

Events & Resources

Topics

Latest Articles

For Gen Z, a streaming subscription is a one-show commitment

Retailers should rethink email strategies as AI tools loom

How to build a GEO strategy without buying into the hype

Kohl’s Q4 sales are nearly 27% below 2017 levels

Meta passes ‘location fees’ onto businesses, raising ad costs across Europe

More pharma-telehealth partnerships could emerge following Novo’s pact with Hims

How Adobe and MLB are using AI marketing tools to reshape the ballpark fan experience

War in the Middle East threatens apparel supply chains

Nielsen Big Data + Panel dealt a blow by MRC right before Upfronts

X Money early access will begin in April, per Musk

About

Big Lots bankruptcy shines a light on discount and home improvement challenges

Coverage Areas →

Coverage Areas →

Advertising & Marketing

Health

Ecommerce & Retail

Technology

Financial Services

More Topics

Geographies

EMARKETER

Media Services

Free Content

Contact Us →

Worldwide HQ

Sales Inquiries