Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings
- Big Lots has filed for bankruptcy, citing “substantial doubt” about its survival as a discount retailer.
- Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business operations, and shopping will continue during the process.
- CEO Bruce Thorn stated that actions taken will provide financial stability and enhance performance despite challenging economic trends affecting customer spending.
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Coverage Details
Total News Sources0
Leaning Left18Leaning Right21Center71Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 16%
C 65%
R 19%
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