50 Brands on the Brink of Declaring Bankruptcy

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The FRISK score for Big Lots from Credit Risk Monitor is 2, indicating a bankruptcy risk ranging from 4% to 9.99%. The organization acknowledges the importance of the situation and is taking initiatives to overcome these challenges and remain competitive in the industry. Big Lots' $94.4 million loss and 15.4% drop in last years second-quarter same-store sales suggest a declining consumer base. 

Big Lots

During the earnings call, CEO Bruce Thorn discussed the company's issues. Despite its bleak financial outlook, Big Lots is aggressively cutting expenses and improving performance. The retailer's fate, and it's many employee's fates is in the balance as it attempts to turn its fortunes around and avoid financial ruin.

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Did you know...

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