The Weekly Closeout: Big Lots issues ‘going concern’ warning and Amazon ditches plastic air pillow packaging

Quick Summary:

The discount retailer said it may not meet its credit and term loan obligations, while Amazon aims to drop plastic air pillows in North American shipments by the holidays.

Joining the circular fashion movement, Kleinfeld Bridal debuted an online resale marketplace for wedding dresses on Tuesday, per a press release.

The retailer said the liquidity crunch is due to its net losses and use of cash in operating activities in 2022, 2023, and the first quarter of 2024.

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Category: Business

Markets: United StatesMexico

Topics: Company According Netflix Retail Year Dormify Bridal Retailer Million Stores Pillows

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 11:04:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 1226 words

Reading Time: 7 minutes read

Sentences: 46 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21330538

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