The recent Chapter 11 bankruptcy filing of Big Lots has sent shockwaves through the retail sector. However, for industry experts closely watching the company, the filing was far from unexpected. Big Lots has struggled for years with declining sales, cash flow issues, and an inability to pivot quickly to an increasingly digital retail landscape.
As the founder and lead market analyst at Globemonitor Market Research Agency, I have been closely following Big Lots’ journey. In this analysis, I’ll break down the root causes of Big Lots bankruptcy and its immediate impact on stakeholders.
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