Big Lots closing dozens of stores, putting survival in question

Discount retailer Big Lots expects to close "35 to 40" stores by the end of the year, according to a U.S. Securities & Exchange Commission (SEC) filing last month. Ohio-based Big Lots operates more than 1,300 stores across 48 U.S. states, according to a June earnings press release. Last month, Big Lots reported a net loss of $205 million for the first quarter of fiscal year 2024 that ended on May 4. COMPANIES ARE GOING BANKRUPT AT THE FASTEST PACE SINCE 2020: A 'HISTORIC SURGE' "We remain focused on managin ...