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True Value files for Chapter 11 bankruptcy and is sold to Do It Best

All of True Value’s 4,500 stores will remain open during the bankruptcy process because they are independently owned. Hardware wholesaler True Value has filed for Chapter 11 bankruptcy as it plans to sell its business to home improvement competitor Do…

Big Lots is closing over 300 stores. Will stores in Iowa also close?

Discounter Big Lots files for bankruptcy The discounter Big Lots has filed for bankruptcy under the US Chapter 11 procedure, citing high inflation and high interest rates as the reason. Straight Arrow News Big Lots announced the closure of hundreds…