said on Tuesday that Big Lots continued to order furniture and other inventory even after realizing it would not have the funds to pay for them, racking up $250 million in new debts that will ...
Serta’s attorney Beth Rogers said Tuesday that Big Lots continued to order furniture even after it realized it would not be able to repay vendors – piling on $250 million in new debts.
Discount retailer Big Lots has reached a deal with a new buyer to transfer several hundred stores — plus distribution centers and intellectual property — to other retailers and companies.
Home goods chain Big Lots got a reprieve to keep hundreds of stores open after a bankruptcy judge approved a last-minute sale to new owners, according to a report. US Bankruptcy Judge Kate ...
Several Big Lots vendors opposed the deal because it repays lenders while leaving trade creditors with steep losses. A judge approved a new deal this week, allowing Big Lots to emerge from Chapter ...
Big Lots' new owner has put the leases for more than 500 stores — including all 10 in the Houston area — up for sale. Big Lots' new owner has put the leases for more than 500 stores ...
A NEW proposal to prevent Big Lots from shutting all its stores is at risk following complaints from some creditors that stand to incur losses in the troubled retailer’s bankruptcy. The company on Dec ...
BANKRUPT retailer Big Lots won court approval of a rescue deal to save some of its stores from shutting-down despite challenges from vendors that claimed the deal unfairly saddles them with steep ...