(NEXSTAR) — After putting "closing soon" banners on roughly 300 of its stores this summer, retailer Big Lots has filed for Chapter 11 bankruptcy protection. Leaders of the Ohio-based company warned earlier this year that inflation and troubles competing with other retailers had cast "substantial doubt" on Big Lots' ability to continue. It quickly prompted speculation that Big Lots would file for bankruptcy, and those opinions were only heightened when the company postponed its second-quarter earnings call from September 6 to this coming Thursday. Early Monday morning, Big Lots announced plans to sell assets and business operations to Nexus Capital Management, a private equ
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