Home Retailer Big Lots Seeks Cash Amid Ongoing Losses (1)

Off-price home goods retailer Big Lots Inc. has been seeking new financing as it grapples with years of losses and dwindling liquidity, according to people with knowledge of the company’s efforts.

The Columbus, Ohio-based chain has been reaching out to bankers and investors to assess market willingness to provide a new loan, said the people, who asked not to be named discussing private talks.

A representative for Big Lots declined to comment on the financing effort, but said the company has taken “significant actions to enhance our liquidity,” and “will continue to evaluate potential liquidity options.”

The company’s shares fell ...