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Market
What will be the total number of employees at Big Lots by December 31, 2025?
3
Resolution / Starting Odds
More than 30,000 • 25%
20,000 to 30,000 • 25%
10,000 to 20,000 • 25%
Less than 10,000 • 25%
Official announcements from Big Lots or labor statistics
Story
Big Lots Files for Chapter 11 Bankruptcy, Agrees to $707.5 Million Sale to Nexus Capital
Sep 9, 2024, 02:27 PM
Big Lots, Inc., a U.S. discount home goods retailer, has filed for Chapter 11 bankruptcy protection. The company has agreed to sell its business to Nexus Capital Management for $707.5 million. As part of the bankruptcy proceedings, Big Lots plans to close hundreds of its 1,400 stores nationwide. The company has faced a multi-year decline, exacerbated by high interest rates and a pullback in consumer spending. Nexus Capital will act as a 'stalking horse bidder' in a court-supervised auction process. Big Lots has secured interim financing to support its operations during the bankruptcy proceedings.
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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%
Sold to Nexus Capital Management • 25%
Sold to another party • 25%
No sale, continue liquidation • 25%
Other outcome • 25%
Retail • 25%
Logistics and warehousing • 25%
Hospitality • 25%
Other • 25%
Sold to another company • 25%
Repurposed for different use • 25%
Demolished • 25%
Remains unsold and vacant • 25%
Significant increase in unemployment rate • 25%
Moderate increase in unemployment rate • 25%
No significant change in unemployment rate • 25%
Decrease in unemployment rate • 25%
Sold to another company • 25%
Repurposed for non-retail use • 25%
Remains vacant • 25%
Other outcome • 25%
Walmart • 25%
Target • 25%
Dollar General • 25%
Other • 25%