Big Lots Stock Tumbles on Reports Retailer Is Considering Filing for Bankruptcy

Key Takeaways Big Lots shares tumbled following reports the discount retailer is considering filing for bankruptcy protection in the coming weeks. The company is also looking for investments as a way to avoid filing for Chapter 11 bankruptcy, Bloomberg reported. Declining sales have hampered Big Lots' earnings and stock price. Discount retailer Big Lots (BIG) is reportedly seeking investors to avoid filing for Chapter 11 bankruptcy protections after an extended decline in sales and several quarters of losse ...