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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
Business
Popular Milk Product Recalled In 27 States, Including PA, Due To Allergy Risk Popular Milk Product Recalled In 27 States, Including PA, Due To Allergy Risk
Popular Milk Product Recalled In 27 States, Including PA, Due To Allergy Risk A nationwide recall has been issues for a popular brand of milk due to an allergy risk. HP Hood LLC is recalling 96-ounce containers of Lactaid Milk because the product may contain trace amounts of almond, which is not listed on the label.  People who have an allergy or severe sensitivity to almonds may run the risk of serious or life-threatening allergic reaction if they consume these products, according to an announcement by the Food and Drug Administration (FDA). The product was shopped to retailers and wholesalers in Alabama, Colorado, Connecticut, Florida, Georgia, Iowa, Illinois…

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by Joe Lombardi