US home goods retailer Big Lots files for bankruptcy
Recently, Big Lots, a discount home goods retailer in the United States, filed for bankruptcy due to high interest rates and a sluggish real estate market slowing down demand for its low-priced furniture and decorations. It is reported that Big Lots has agreed to sell its business to private equity firm Nexus Capital Management for approximately 760 million yuan, including 2.5 million yuan in cash and remaining debt
