Big Lots Inc (PK) (BIGGQ) 銘柄情報

Bankrupt Big Lots will keep hundreds of stores open under new sale transaction

Dec. 28 (UPI) -- Bankrupt discount retail chain Big Lots says it will be able to keep hundreds of its stores open after executing a strategic sale transaction with a Boston asset management firm.

Columbus, Ohio-based Big Lots announced Friday it has agreed to a sale with Gordon Brothers Retail Partners enabling the transfer of Big Lots assets -- including stores, distribution centers, and intellectual property -- to other retailers and companies, including Variety Wholesalers Inc. of Henderson, N.C

The move, which is subject to the approval of the bankruptcy court, comes just a week after the chain said it planned to close all 900 of its stores and sell off its inventory in the wake of failed sale to private equity firm Nexus Capital Management.

Under the new deal, Variety will acquire between 200 and 400 Big Lots stores, which it plans to continue to operate under the Big Lots brand, and up to two distribution centers. The buyer "may employ" Big Lots employees at the acquired stores and distribution centers, according to Big Lots President and CEO Bruce Thorn.

https://www.upi.com/Top_News/US/2024/12/28/Bankrupt-Big-Lots-keep-hundreds-stores-open-under-new-sale-transaction/6201735413372/

News out , looks like we have a buyer and says will keep between 200 to 400 stores open under Big Lots name.

jmho

What really happened at Big Lots ?

Just look at corporate headquarters building and the nice people on the board payroll


jmho

BIG LOTS FOLDING THE TENT! TOLD YOU SO! COMPLETELY MISMANAGED FOR THE LASR FIVE YEARS!!!

was in my local big lots store today and never have i seen it stocked this well

Going up from here after consolidation under 10 cents for few days.

Big Lots is a great store!! They have already listed the few and underperforming stores that will close. They are still advertising and promoting the remaining store. Looks like they have confidence in the Future. Hopefully, in the new negotiation, the shareholders will be able to maintain their shares.

GO BIG LOTS

I think it should be five cents. Once it reaches five cents, I will consider purchasing 1,000 shares.

New low of .11 cents

Might take a bite when the price is right

Ec

It wasn't hard to see this coming. Big Lots has been going down hill for years. High prices, lousy selection and poor service always leads to Chapter 11. Think Sears, Kmart, JC Penny, Bonton ect.

Bingo

You guess right

BIGGQ

Good luck to all

Ec

BIG changed to BIGGQ, bankruptcy. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

If you can guess the ticker when it opens on the OTC(my guess is BIGGQ), you get a cookie and a thumbs up! Good luck!

Time to buy ? Lol..

BANKRUPTCY filing last night

I might as well.

Looks like it’s in the .20zzz now

Yup

Big dump

I might try to buy the dip

Could get a 20% bump after dip

Ec

Monday will be a BLOODBATH

BANKRUPTCY filing as soon as Sunday - per Bloomberg

INCONCEIVABLE DUMPING now

SUB-.40 DUMPING

$2 soon????

Wouldn’t be surprised.

With the UNPARALLELED DUMPING lately they can certainly acquire for cheap

Some big outfit has been after Big Lots for years .

My guess they are now getting it cheap !


jmho

BIG: For years here in San Diego, I would shop at their curious little stores --- few and far between, though, as far as 'convenient' LOCATIONS.

DELAYED EARNINGS so more DUMPING can take place!

BIG: Up by 21% in the Post-M at this writing. (Rumor has it perhaps a BUY-OUT offer looming; since BIG's most recent PR's talked about CHAPTER-11 routines.)

Nice buying volume. Big lots is a great store

LARGE DUMPING

MAMMOTH DUMPING

GARGANTUAN DUMPING

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=BIG&insttype=Stock

Earnings Preview: Big Lots (BIG) Q2 Earnings Expected to Decline:

https://finance.yahoo.com/news/earnings-preview-big-lots-big-140004339.html

https://www.zerohedge.com/economics/more-high-profile-retail-stores-are-getting-kicked-teeth

HUMUNGOUS DUMPING

BIG new 52 week low

COLOSSAL DUMPING

ENORMOUS DUMPING!

BIG DUMPING!

Why would anyone reward officers with half million and up "Retention bonuses" THEY SHOULD BE UNEMPLOYED IN THE REAL WORLD WHEN YOU MISMANAGE AND DRIVE A COMPANY T0 BANKRUPTCY. These guys are robbing the corpse

It’s being considered

Will know in about 2 weeks

News out today

Ec

Are these guys going Bankrupt? .......Thanks!!!

Was i a Big Lots store in Canton Ohio Saturday and a good amount of people shopping

jmho

BIG new 52 week low

It should be five cents. Once is gets to five cents I will buy 1,000 shares. Five cents is a fair price.

BIG new 52 week low

BIG new 52 week low

BIG new 52 week low

It should be five cents. Five cents per share is a fair price. I bid five cents.

BIG new 52 week low

BIG new 52 week low