Big Lots’ top 30 creditors owed more than $75 million
Columbus, Ohio — In Top 50 retailer Big Lots’ Chapter 11 protection filing in the U.S. Bankruptcy Court for the District of Delaware, it listed estimated assets of $1,000,000,001 to $10 billion against...
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HTT/HFPA Foundation market gala approaches: A Terrific Event for a Worthy Cause!
New York – New York – The exciting September market cocktail gala – co-presented by the Home Fashion Products Association (HFPA) Foundation and Home Textiles Today – will honor industry leaders as part...
View ArticleOnce upon a time: West Elm collaborates with children’s author
Brooklyn, N.Y. — West Elm, part of Top 100 Williams-Sonoma Inc., is collaborating with fashion tastemaker and children’s author Eva Chen for a 34-piece collection featuring furniture, textiles,...
View ArticleAfter bankruptcy filing, Big Lots Q2 earnings still scheduled for Sept. 12
Columbus, Ohio — While Top 50 retailer Big Lots has filed for Chapter 11 bankruptcy protection and is in a sales agreement with an affiliate of Nexus Capital Management, its second quarter earnings are...
View Article“Fur-fluencers” drive design for Target’s limited edition capsule collection
Minneapolis – There are social media stars for every interest. And Target has rounded up a group of them for an exclusive new collection. The Cuddle Collab launches on Sept. 21 in nearly 2,000 stores...
View ArticleMeet Nexus Capital Management, Big Lots’ stalking horse
Los Angeles — As part of its Chapter 11 bankruptcy proceedings, Top 50 retailer Big Lots announced that it has entered into a sale agreement with affiliates of Nexus Capital Management. As outlined in...
View ArticleBig Lots stock set to be delisted by NYSE
COLUMBUS, Ohio — In a Form 25-NSE filing with the Securities and Exchange Commission on Sept. 10, the New York Stock Exchange revealed that it will delist common stock from Top 100 retailer Big Lots at...
View ArticleBig Lots offers vendors, consumers look into bankruptcy process
Columbus, Ohio — A new website from Big Lots is detailing the Top 50 retailer’s bankruptcy process for consumers, vendors and investors. The site, BigStepForBigLots.com, outlines the Columbus,...
View ArticleBed Bath & Beyond stores will return in 2025
New York – Bed Bath & Beyond stores are coming back to the American retail landscape – but not under a traditional store opening model. Instead, parent company Beyond Inc. is planning financial...
View ArticleThorn: Big Lots could be profitable by 2025, but more stores will close
Columbus, Ohio — In a letter to employees obtained by HTT sister publication Furniture Today, Big Lots president and CEO Bruce Thorn said the Top 50 retailer could return to profitability by 2025....
View ArticleRoss Stores makes changes to merchandising leadership positions
Dublin, Calif. – A pair of insiders at Ross Stores Inc. have been promoted to lead merchandising for the Ross Dress for Less and dd’s Discounts chains, effective Dec. 1. Karen Fleming is stepping up to...
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Beyond Inc. chairman: “I see something totally different”
Marcus Lemonis Midvale, Utah – In Beyond Inc.’s evolving business model, retail will become a component of a larger company that will focus on monetizing IP and data. During the Piper Sandler Growth...
View ArticleStore closing list grows to 344 for Big Lots
Columbus, Ohio — As part of its sale agreement and Chapter 11 filing in the U.S. Bankruptcy Court for the District of Delaware, Top 50 retailer Big Lots acknowledged that it would be closing more...
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RH revenues rise in Q2 as leaders see jump in demand
Corte Madera, Calif. — An increase in demand in the second quarter of FY2024 led to a 3.6% increase in net revenues for Top 100 retailer RH. For the three months ended Aug. 3, the Corte Madera,...
View ArticleBig Lots’ losses lessen for second consecutive quarter
Columbus, Ohio — While it continued showing losses in the second quarter of FY2024, retailer Big Lots’ performance was better than its showing the year prior, marking its second consecutive quarter of...
View ArticleConsumers continued to spend on household priorities in August despite the...
Washington – Job growth remained slow in August, but increasing retail sales overcame the challenge thanks to rising consumer demand and easing inflation according to the latest CNBC/National Retail...
View ArticlePerigold ‘can’t wait to connect’ with in-store customers
Boston — While its first foray into brick-and-mortar retail is still around a year away, Perigold sees physical retail as the next big chapter in its story. The luxury retailer in the Wayfair family of...
View ArticleBeyond Inc. finds buyer for Utah headquarters
Midvale, Utah—Beyond Inc. is planning to sell its headquarters here to Salt Lake County for $55 million. Through its wholly owned subsidiary, Peace Coliseum LLC, Beyond entered into an agreement Sept....
View ArticleWhat do online shoppers want? More delight, less frustration
The online shopping experience still leaves something to be desired, with slightly less than half of shoppers giving retailers an average or lower grade for their e-commerce discovery experience. The...
View ArticleBig Lots brings back signature promotion for weekend
Columbus, Ohio — Top 50 retailer Big Lots is bringing back its Friends & Family event Sept. 21 and 22. The two-day sale features 20% off storewide, including home furnishings and furniture,...
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