BiochemAg97 said:Captn_Ag05 said:True, but their focus was on California and midwest stores for now. They will still have over 1,000 stores open.BiochemAg97 said:Captn_Ag05 said:
The College Station Big Lots isn't on the list of stores closing.
For now.
CS Conns wasn't on the initial list either.
Sure, but they initially planned on closing 40 stores (June), now it is 315 stores.
And then there is a recent regulatory filing that said there's a "significant likelihood" of a potential default on a 2022 loan and that the company has "substantial doubt" about the company's ability to remain operational.
https://amp.cnn.com/cnn/2024/08/13/investing/big-lots-wants-to-close-hundreds-of-locations
My post was to inform that the person was wrong at this point. Not to debate the long term financial stability of Big Lots. Feel free to start a thread on that elsewhere.