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Up to 315 of discount retailer Big Lots' locations could be on the chopping block and facing potential closure, a Securities & Exchange Commission (SEC) filing from Friday indicated.
Big Lots informed the SEC that the amended terms of a loan agreement include a reduced credit limit and higher interest rates on its credit line.
The company currently has more than 1,300 stores in operation across 48 states. Transcript: CONWAT GITTENS: Here's what we're watching on TheStreet today.
As the markets continue to change and more economic indicators cross their yield, signaling turbulence ahead, it is time to review your investment portfolio. Due to bad conditions, it may be a good idea to reassess holdings in communication, technology, and consumer discretionary sectors.
In the volatile stock market, understanding when and what to sell is equally vital as knowing when and what to buy. Here, the focus is on three beaten-down stocks to sell due to their fundamentals.
With economic uncertainties and fluctuating market conditions and stocks to sell Thus, one must be vigilant about protecting portfolios from potential downturns. Here, the focus is on three high-risk stocks, making them prime candidates for selling before the next market collapse.
In today's volatile market, identifying stocks to sell is critical to preserving capital invested. As economic uncertainties loom, learning which investments might falter can safeguard portfolios.
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. `
Discount retail chain Big Lots is planning to close at least 35 stores this year amid falling sales and speculations that it may declare bankruptcy.
Big Lots announced last month in an SEC filing that it will be closing 35 to 40 stores this year, despite opening three new ones. The company operates more than 1,300 U.S. stores.