Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales.
The Columbus, Ohio-based company plans to sell its asse… [+3301 chars]
Lifestyle Home Improvement-Furniture
Big Lots files for bankruptcy, will sell assets to buyout firm as it blames high inflation
Big Lots, which sells furniture, home decor and other items, said in a statement that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal product purchases
