Closeout retailer Big Lots has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware in order to facilitate its sale to an affiliate of Nexus Capital Management. Nexus has agreed to acquire all of the retailer’s assets and ongoing business operations; financial details were not disclosed.
Nicole Silberstein is a Senior Editor at Retail TouchPoints, covering the intersection of commerce and technology. Her articles focus on the latest retail trends, innovations, and strategies, with a particular emphasis on ecommerce, supply chain, and customer experience.