The company had previously planned to sell its assets to private equity firm Nexus Capital Management, but that deal is no longer expected to proceed, according to Big Lots. Although the company continues to negotiate with Nexus as well as explore other strategic alternatives, it now plans to s...
The move comes at a critical time ahead of the peak holiday shopping season that is crucial to retailers' bottom lines. Brandon expressed confidence in the looming reorganization, vowing that the iconic Toys 'R' Us and Babies 'R' Us brands known to shoppers for generations would continue on....