Part 3/9:
The bankruptcy filing sent shockwaves through the retail world. Initially, hopes were lifted when it was reported that Nexus Capital Management was ready to acquire the company to facilitate its operations, but that deal soon fell through. The bleak outlook suggested that Big Lots would close all its locations, directly impacting its 27,000 employees and loyal customer base. Fortunately, a last-minute intervention allowed for the preservation of 200 to 400 existing stores, offering a glimmer of hope as the company enters 2025.