Tepid home goods sales, online competition and a brand identity crisis have taken their toll on the discount retailer, analysts say.

In addition to everyday decor and food items, Big Lots also sells sofa sets, recliners, mattresses and patio furniture — higher-priced items that are still discounted compared to other stores.

After months of store closures and filing for Chapter 11 bankruptcy protection, Big Lots is preparing to close ... when the sale failed to go through. Texas furniture store Conn's filed for ...