Big Lots Gets DIP Loan From Gordon BrothersThe $150 million loan will be used by the retailer to support its efforts as it navigates Chapter 11 bankruptcy proceedings. Ollie's Bargain Outlet Acquires Big Lots StoresThe closeout specialist has purchased seven locations through a bidding process as part of Big Lots' bankruptcy proceedings. Big Lots Expanding Connections With Social Media Creators Officials with the retailer said the new endeavor is a natural progression, allowing the company to expand its engagement with a wider array of shoppers. Big Lots Brings Back Black Friday Fridays Promotion Every Friday through December 6 the retailer will offer special one-day deals on a host of products throughout the store. Big Lots Gets Court Approval On 'First Day' Motions As the discount retailer navigates bankruptcy, it receives various rulings that will allow the company to continue normal business operations. Big Lots Files Chapter 11 The discount retailer has reached an agreement to be sold to Nexus Capital Management pending court approval. Big Lots Delays Release Of Q2 Results The struggling discount retailer offered no reason as to why it postponed releasing its quarterly results, which is now scheduled for September 12. Store Closures On The Way At Big Lots The closeout retailer plans to shut 300 stores to ease its financial struggles. Big Lots Adds Borrowing Capacity The retailer has inked an agreement with a division of Gordon Brothers on a new loan valued up to $200 million. Big Lots Opens Asian Buying Offices Company officials said the initiative will create a stronger platform for overseas procurement and assortment optimization. 1 2 Next Last
