Bruce Thorn

Big Lots Declares Bankruptcy as Consumers Chase Deals
Big Lots Declares Bankruptcy as Consumers Chase Deals
September 09, 2024  |  Retail

Discount retailer Big Lots has declared bankruptcy and sold itself to an investment firm. The company announced Monday (Sept. 9) that it had entered voluntary Chapter 11 proceedings in...

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Report: Big Lots Seeking Investors and Considering Bankruptcy
Report: Big Lots Seeking Investors and Considering Bankruptcy
August 28, 2024  |  Retail

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate...

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High-Income Consumers Reduce Their Nice-to-Haves as the Economy Slows
High-Income Consumers Reduce Their Nice-to-Haves as the Economy Slows
May 21, 2023  |  Consumer Insights

Affluent paycheck-to-paycheck earners curb, but don’t completely cut, spending across categories when faced with budget concerns.  As consumers across demographics continue to stretch budgets to...

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