The Decline of Big Lots: A Cautionary Tale for Retailers
Big Lots, once a prominent player in the closeout retail sector, is now navigating turbulent waters following its bankruptcy filing in 2024. The company, which operates over 1,000 stores across 48 states, has initiated a going-out-of-business (GOB) sales process in…
Ollie’s Acquires Former Big Lots Stores
In a strategic move to expand its footprint in the discount retail sector, Ollie’s Bargain Outlet Holdings Inc. has emerged victorious in a bankruptcy sale, acquiring seven former Big Lots Inc. store leases. This acquisition forms a part of the…
