Originally Posted by
NKSpilot
See Big Lots too. Sale lease back a bunch of stores, Ch 11 bankruptcy, put up the $200M HQ as collateral for debt financing, supposed to swap debt for equity with creditors and get more financing, CEO cheerleading the whole time...now liquidating.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
eerily similar scenario. If nobody picks us up out of ch11 we are done