On Thursday morning, Dollar General missed Wall Street's profit and sales expectations and cut its full-year forecast, citing that core customers "feel financially constrained." With this persisting trend, it's unsurprising that home goods retailer Big Lots may be teetering on the brink of bankruptcy.
Bloomberg reports that Ohio-based Big Lots, with about 1,400 stores nationwide, has mulled over whether a potential bankruptcy filing is the right move in the near term given the slide in sales, which resulted in a multi-year crash of shares trading in New York.