From StockTwits: 2025-01-02 04:10:33

Retailer Big Lots Inc. ($BIGGQ) stock rose after a Delaware bankruptcy court approved keeping 200 of its 400 stores open. Last week, Big Lots struck a deal with Gordon Brothers Retail Partners LLC to sell its assets. U.S. Bankruptcy Judge Kate Stickles deemed this deal as the best option for the company. Retail sentiment on Stocktwits has remained neutral. Gordon Brothers will sell the assets to other retailers, including Variety Wholesalers Inc. Big Lots, an Ohio-based discount retailer, filed for bankruptcy protection in September.



Read more at StockTwits: Big Lots Stock Rises After Regulatory Nod On Keeping Stores Open: Retail’s Neutral