Loading...
Market
Sector absorbing most former Big Lots employees by June 30, 2025?
1
Resolution / Starting Odds
Retail • 25%
Logistics and warehousing • 25%
Hospitality • 25%
Other • 25%
Employment reports and industry analyses
Story
Big Lots to Close All 963 Stores, Starting 'Going Out of Business' Sales After Chapter 11 Bankruptcy, Impacting 27,000 Employees
Dec 19, 2024, 06:31 PM
Big Lots, the discount retailer employing over 27,000 people, is set to begin 'going out of business' sales at all of its 963 locations after failing to secure a buyer following its Chapter 11 bankruptcy filing. The company confirmed that it will close all remaining stores, a move that comes after the collapse of a proposed sale to private equity firm Nexus Capital Management. This decision follows the closure of hundreds of stores earlier this year, resulting in a roughly 30% reduction in its retail footprint. The liquidation efforts aim to preserve the company's value during the bankruptcy process.
View original story
Similar markets
Nexus Capital Management • 25%
Another private equity firm • 25%
Retail competitor • 25%
Other entity • 25%
Majority laid off • 25%
Majority retained by new owner • 25%
Majority transition to new roles • 25%
Other outcome • 25%
Less than 5,000 • 25%
5,000 to 10,000 • 25%
10,001 to 15,000 • 25%
More than 15,000 • 25%
Dollar General • 25%
Walmart • 25%
Target • 25%
Other • 25%
More than 30,000 • 25%
20,000 to 30,000 • 25%
10,000 to 20,000 • 25%
Less than 10,000 • 25%
Significant impact on discount retail • 25%
Minor impact on discount retail • 25%
No discernible impact • 25%
Other impact • 25%
Successful liquidation with full inventory clearance • 25%
Partial clearance with remaining inventory • 25%
Failed to clear significant inventory • 25%
Other outcome • 25%