Major US discount retailer on brink of bankruptcy with 1,400 stores under threat - as shares drop by 50%

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Major US discount retailer on brink of bankruptcy with 1,400 stores under threat - as shares drop by 50%

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Discount home goods retailer Big Lots is reportedly on the brink of bankruptcy after years of falling sales. The beleaguered chain may seek Chapter 11 protection within weeks, according to Bloomberg, if it is not able to find investors. The Ohio-based company runs around 1,400 stores across the US, after closing hundreds of locations earlier this year. Big Lots stock plummeted as much as 50 percent Thursday morning, falling to $0.
Read More >> Full Article on Source: CELEBS MAG
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