Big Lots did not immediately reply to a Reuters request for comment. Big Lots is attempting to shore up its liquidity that has been pressured by a sales...
- Discount home goods retailer Big Lots is considering a potential bankruptcy filing and may seek court protection within weeks, Bloomberg reported on Wednesday, citing people familiar with the plans. Big Lots did not immediately reply to a Reuters request for comment. Its shares fell 27% in extended trading and have lost nearly 88% of their value this year.
At the end of the first quarter, the company had $289 million of net liquidity and $44 million in cash and cash equivalents.French authorities issue preliminary charges against Telegram messaging app CEO Israel Adesanya's coach explains why Dricus Du Plessis loss 'a lot easier' to accept than Sean Strickland
The sellout concert, staged in Nashville, features two hours packed with memorable performances and heartfelt tributes to the icon, who died earlier this yearBefore he was found dead, Stanley Kotowski's wife said he had been dealing with insomnia and anxiety that "kept getting worse and worse and worse"We recently published a list of 10 Best Dividend Paying Stocks To Buy According to Quant Hedge Fund AQR.
Bankruptcy Filing Bloomberg Discount Home Goods
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Oil is the big winner on carbon credit expansionThe prime beneficiary of looser rules on offsets could be the industry largely responsible for the global climate disaster.
Read more »
A Big Announcement Thursday Could Mean Big Things For Seniors — And The ElectionJonathan Cohn, Senior National Correspondent at HuffPost, writes about politics and policy with a focus on social welfare. He is also the author of SICK (2007, HarperCollins) and THE TEN YEAR WAR (2021, St. Martin's).
Read more »
Big bonuses are on the way back at big Wall Street banksBonuses are on track to rise once again for some Wall Street bankers as a dealmaking revival in 2024 boosts profits for the country’s biggest financial...
Read more »
Big Tech's AI spend is becoming too big to fail: Morning BriefBig Tech is spending furiously on building out AI infrastructure — ahead of meaningful revenue and use cases. But they're motivated to make it work.
Read more »
Metro reports lower profits while sales rise 3.5% amid continued discount shiftMetro Inc.'s chief executive says despite increasing competition in the discount grocery space, he thinks the retailer is well positioned to continue meeting demand for lower prices while also setting its conventional banners up for success.
Read more »
Metro sales rise as Canadians turn to discount brands amid higher cost of living'Consumers are looking for value. They're participating in promotions more. They're trading down, especially in meat.'
Read more »