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Discount retail chain Big Lots is preparing to file for bankruptcy. The retailer intends to sell its chain of stores through a court-supervised process. New: Big Lots is preparing to file for bankruptcy and plans to sell its chain of stores. What is your response? pic.twitter.com/9P0pDQ00bQ — The Calvin Coolidge Project (@TheCalvinCooli1) September 6, 2024 Big Lots, which employs over 30,000 people, has experienced declining sales in recent years. Big Lots going from an all-time high to bankruptcy in about three years is truly impressive. Shows the often ridiculous relationship between market expectations and underlying business fundamentals. Been covering this in The Daily Rip most of the way down, wild story lol… pic.twitter.com/rtPS32n7xi — Tom Bruni, CPA, CMT (@BruniCharting) September 6, 2024 Bloomberg reports: The company will continue to operate under Chapter 11 protection, the people said, and is in the process of lining up a so-called stalking horse bid, meaning it’s subject to better offers should any materialize. The company has been working with advisers from AlixPartners and Guggenheim Partners on the bankruptcy and sale process. Representatives for Big Lots and AlixPartners didn’t respond to requests seeking comment on the bankruptcy plans, while Guggenheim declined to comment. Struggling Big Lots preparing bankruptcy filing, will sell stores: report https://t.co/tgDYO1erOO pic.twitter.com/iGShGNrTo6 — New York Post (@nypost) September 6, 2024 JUST IN: Big Lots is reportedly considering filing for chapter 11 bankruptcy Stock is down 27% in the pre-market… pic.twitter.com/WXfkWdZQ0x — Triple Net Investor (@TripleNetInvest) August 29, 2024 Per Reuters: Earlier in the day, the retailer announced the postponement of its second-quarter earnings release, which had been scheduled for Sept. 6. The company now expects to report results on Sept. 12. The company has been collaborating with advisers from AlixPartners and Guggenheim Partners on the bankruptcy and sale process, according to the report. Big Lots, a retailer operating around 1,400 stores and employing over 30,000 workers, has been grappling with declining sales over the past few quarters, putting pressure on its balance sheet. Its stock has plunged more than 90% in the past year and dropped more than 22% in extended trading on Friday. Last week, Bloomberg reported that Big Lots was mulling a potential bankruptcy filing and may seek court protection within the coming weeks.

A high school football player from the Florida panhandle passed away after collapsing on the field during a game Friday night. Chance Gainer, 18, a wide receiver and defensive back for Port St. Joe High School, collapsed during the contest against Liberty County High School. WJHG reports: Chance was tended to on the field, and we’re told by Gulf County School Superintendent Jim Norton that he did not have a pulse when EMTs first got to him. Mr. Norton says they were able to get a pulse before putting Gainer in an ambulance. He was then rushed to a hospital in Blountstown. It was there Norton says that Gainer passed away. Mr. Norton went on to tell us everyone associated with Port St. Joe High School, and the Tiger Sharks football program are absolutely crushed by Gainer’s passing. Norton says Chance, as an athlete “Had world-class speed, but more importantly had a world class personality.” Norton goes on to say Gainer, who had a better than 4.0 grade point average, had recently visited Vanderbilt University, to discuss the possibility of attending college there. The Superintendent says he is already in the process of lining up grief counselors to come into the school to help the football players and all the students, teachers, and staff at Port St. Joe High School deal with this incredibly sad situation. WATCH: Football star Chance Gainer has died suddenly from a heart attack during Friday’s game. The 18 year-old collapsed on the field and had no pulse when EMTs got to him, and was pronounced dead at the hospital. Chance had “world-class speed” and a better than 4.0 grade point… pic.twitter.com/64p4lu63ZQ — Died Suddenly (@DiedSuddenly_) September 7, 2024 Florid high school football player dies after collapsing on the field. Chance Gainer, 18, FLhttps://t.co/XRBwq7yTLF pic.twitter.com/012ZxHRTcO — Died Suddenly News (@DiedSuddenlyNws) September 7, 2024 The player lost was high school senior Chance Gainer in Florida. "One of the best young men ever to walk the halls at Port St. Joe High School.” 4.0+ GPA. https://t.co/GsyR8sQSba — Chris Nowinski, Ph.D. (@ChrisNowinski1) September 7, 2024 Per ESPN: The 18-year-old senior was playing cornerback when a play went to the opposite side of the field, said Tim Davis, Port St. Joe’s athletic director and vice principal. Gainer was running toward the play when he collapsed, Davis told the Northwest Florida Daily News. “He just went to the ground suddenly,” Davis said. Coaches ran to his side and then signaled for paramedics. Gainer was taken by ambulance to a hospital, where he died. He had scored on a 70-yard touchdown earlier in the game and had returned a kickoff 83 yards for a touchdown last week. Davis said there were about four minutes left in Friday’s game when administrators learned of Gainer’s death. The decision was made to let the game finish, with Port St. Joe winning 28-0. Gainer’s teammates were then told of his death. Port St. Joe’s game next week has been canceled. “The National Federation of State High School Associations said last week that six high school players had died within the past month, four of them from heart issues and two from being hit,” ESPN noted.

Georgia Apalachee High School shooter Colt Gray was bullied by classmates who called him gay, his father told detectives in an interview last year. Colin Grey, 54, made the claims when the Jackson County Sheriff’s office interviewed him after the FBI received a tip that his son had threatened a shooting at his middle school. “It was very […] The post Apalachee High School Killer Had Issues with Transgenderism appeared first on www.independentsentinel.com.