Report: Big Lots Seeking Investors and Considering Bankruptcy

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources. No final decision has been made on any of these plans, according to the report. The retailer has seen years of sales declines, per the report. Big Lots did not immediately reply to PYMNTS' request ...