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was in my local Big Lots store yesterday and they have a big problem Most of store was kids apparel and i was only customer
jmho
Not the store near me. The shelves were half empty before the bankruptcy. All they were interested in selling was their junk furniture. It was easy to see this coming. I hope the longs have learned their lesson.
is it a joke ? who did the inventory of all BigLots !!Local stores best stocked ever and people buying .
Look like back pocket deal to me .
jmho
Expert Market
Delinquent SEC Reporting
Bankruptcy
https://www.otcmarkets.com/stock/BIGGQ/disclosure
Cautionary Note Regarding the Company’s Common Shares
The Company cautions that trading in its securities (including, without limitation, the Company’s common shares) during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual recovery, if any, by holders of the Company’s securities in the Chapter 11 Cases. The Company expects that holders of the Company’s common shares will experience a complete loss on their investment.
8-K 02/18/2025
https://www.otcmarkets.com/filing/html?id=18197902&guid=FmB-kKeJP7puB3h
was in my local BigLots store yesterday and the prices were not market down signs every where SALE SALE i think people have caught on to this joke
jmho
Item 7.01 Regulation FD Disclosure.
The Company does not intend to file a Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2024 or Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K for subsequent periods. Until the Company’s common shares have been deregistered,
Form 8-K - Current report
01/06/2025
https://ih.advfn.com/stock-market/USOTC/big-lots-pk-BIGGQ/stock-news/95202330/form-8-k-current-report
Bankrupt Big Lots will keep hundreds of stores open under new sale transaction
Dec. 28 (UPI) -- Bankrupt discount retail chain Big Lots says it will be able to keep hundreds of its stores open after executing a strategic sale transaction with a Boston asset management firm.
Columbus, Ohio-based Big Lots announced Friday it has agreed to a sale with Gordon Brothers Retail Partners enabling the transfer of Big Lots assets -- including stores, distribution centers, and intellectual property -- to other retailers and companies, including Variety Wholesalers Inc. of Henderson, N.C
The move, which is subject to the approval of the bankruptcy court, comes just a week after the chain said it planned to close all 900 of its stores and sell off its inventory in the wake of failed sale to private equity firm Nexus Capital Management.
Under the new deal, Variety will acquire between 200 and 400 Big Lots stores, which it plans to continue to operate under the Big Lots brand, and up to two distribution centers. The buyer "may employ" Big Lots employees at the acquired stores and distribution centers, according to Big Lots President and CEO Bruce Thorn.
https://www.upi.com/Top_News/US/2024/12/28/Bankrupt-Big-Lots-keep-hundreds-stores-open-under-new-sale-transaction/6201735413372/
News out , looks like we have a buyer and says will keep between 200 to 400 stores open under Big Lots name.
jmho
What really happened at Big Lots ?
Just look at corporate headquarters building and the nice people on the board payroll
jmho
BIG LOTS FOLDING THE TENT! TOLD YOU SO! COMPLETELY MISMANAGED FOR THE LASR FIVE YEARS!!!
was in my local big lots store today and never have i seen it stocked this well
Going up from here after consolidation under 10 cents for few days.
Big Lots is a great store!! They have already listed the few and underperforming stores that will close. They are still advertising and promoting the remaining store. Looks like they have confidence in the Future. Hopefully, in the new negotiation, the shareholders will be able to maintain their shares.
GO BIG LOTS
I think it should be five cents. Once it reaches five cents, I will consider purchasing 1,000 shares.
It wasn't hard to see this coming. Big Lots has been going down hill for years. High prices, lousy selection and poor service always leads to Chapter 11. Think Sears, Kmart, JC Penny, Bonton ect.
Bingo
You guess right
BIGGQ
Good luck to all
Ec
BIG changed to BIGGQ, bankruptcy. Delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
If you can guess the ticker when it opens on the OTC(my guess is BIGGQ), you get a cookie and a thumbs up! Good luck!
Time to buy ? Lol..
I might as well.
Looks like it’s in the .20zzz now
Yup
Big dump
I might try to buy the dip
Could get a 20% bump after dip
Ec
BANKRUPTCY filing as soon as Sunday - per Bloomberg
Wouldn’t be surprised.
With the UNPARALLELED DUMPING lately they can certainly acquire for cheap
Some big outfit has been after Big Lots for years .
My guess they are now getting it cheap !
jmho
BIG: For years here in San Diego, I would shop at their curious little stores --- few and far between, though, as far as 'convenient' LOCATIONS.
DELAYED EARNINGS so more DUMPING can take place!
BIG: Up by 21% in the Post-M at this writing. (Rumor has it perhaps a BUY-OUT offer looming; since BIG's most recent PR's talked about CHAPTER-11 routines.)
Earnings Preview: Big Lots (BIG) Q2 Earnings Expected to Decline:
https://finance.yahoo.com/news/earnings-preview-big-lots-big-140004339.html
https://www.zerohedge.com/economics/more-high-profile-retail-stores-are-getting-kicked-teeth
Why would anyone reward officers with half million and up "Retention bonuses" THEY SHOULD BE UNEMPLOYED IN THE REAL WORLD WHEN YOU MISMANAGE AND DRIVE A COMPANY T0 BANKRUPTCY. These guys are robbing the corpse
It’s being considered
Will know in about 2 weeks
News out today
Ec
Was i a Big Lots store in Canton Ohio Saturday and a good amount of people shopping
jmho
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