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Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings.  The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…

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by Joe Lombardi
News
Cold Hard Cuts, Continued: Unilever Announces Additional Layoffs At NJ Headquarters Cold Hard Cuts, Continued: Unilever Announces Additional Layoffs At NJ Headquarters
Cold Hard Cuts, Continued: Unilever Announces Additional Layoffs At NJ Headquarters Unilever has announced that 149 positions at its New Jersey offices will be eliminated over the next 13 months as part of the company’s global productivity program.  Impacted employees will have the opportunity to apply for open positions within the company, receive severance pay, and access outplacement services and development training, according to a statement from Unilever. The company’s U.S. headquarters will remain in New Jersey, transitioning from Englewood Cliffs to a new location in Hoboken beginning March 2025. The job cuts are part of Unilever’s broader Growth Action Plan (…

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by Cecilia Levine