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The latest announcement is out from Big Lots ( (BIGGQ) ).
Big Lots, Inc. announced the successful closure of its previous sale agreement with Gordon Brothers Retail Partners, allowing Variety Wholesalers to acquire 200 to 400 Big Lots stores and up to two distribution centers. This strategic transaction aims to preserve jobs, maintain the Big Lots brand, and maximize value, marking a significant step in Big Lots’ restructuring process under Chapter 11 bankruptcy proceedings.
More about Big Lots
Big Lots, Inc. is one of the largest closeout retailers in the United States, focusing on providing extreme value through bargains on home-related products such as furniture, décor, and pantry items. The company leverages sourcing strategies like closeouts, liquidations, overstocks, and private labels to fulfill its mission of helping customers live big and save lots.
YTD Price Performance: -14.80%
Average Trading Volume: 692,521
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.32M
For a thorough assessment of BIGGQ stock, go to TipRanks’ Stock Analysis page.
