Big Lots revealed it is planning to shutter more stores this year and has been steadily losing money and relying on dwindling cash since 2022, “raising concerns of bankruptcy,” according to the New York Post’s Taylor Herzlich, citing fiscal reports disclosed in a June SEC filing. The company previously said in that June report that “elevated inflation” has hurt customers’ “buying power,” resulting in big losses for the company and “substantial doubt” about its ability to continue operations, the Post noted.
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