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    Big Lots: 47 more stores across 19 states to close; total closures surpass 300

    By Addy Bink,

    19 days ago

    https://img.particlenews.com/image.php?url=3gmlsR_0vb6jpVg00

    (NEXSTAR) — Nearly 50 additional Big Lots stores are set to close as the company navigates through its Chapter 11 bankruptcy protection filings .

    The Ohio-based company announced earlier this month that it planned to sell assets and business operations to a private equity firm amid the bankruptcy filing.

    As part of the process, Big Lots said it plans to close roughly 250 stores by mid-January. That’s on top of the nearly 300 stores that are already on track to close in the coming months.

    While it’s unclear where exactly those additional stores will be, we do know the few hundred that have started to shut down . These stores, since at least early August, have had banners across their web pages that read “closing this location.”

    PREVIOUS COVERAGE: Big Lots bankruptcy: The roughly 300 stores already set to close in the US

    In a court filing last week, Big Lots identified 344 stores it intended to close. Among those were the nearly 300 locations across 37 states Nexstar identified last month following an analysis of Big Lots’s website.

    As of Wednesday, the roughly 50 additional stores included in last week’s court filing have “store closing” banners on their web pages. You can see those Big Lots stores below:

    These locations have banners on their web pages showing closing sales are “going on now,” advising customers they can “save up to 20% off.”

    Idaho, New Mexico, Oklahoma, and Texas were initially among a handful of states where there were no planned store closures (Big Lots has locations in every state except Alaska and Hawaii). That list has since dwindled to Delaware , Iowa , Mississippi , Nebraska , North Dakota , Rhode Island , and West Virginia .

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    Big Lots President and CEO Bruce Thorn previously said that “the majority of our store locations are profitable,” but that the company intended to “move forward with a more focused footprint to ensure that we operate efficiently and are best positioned to serve our customers.”

    By closing roughly 550 stores, Big Lots would cut its retail footprint by about 40%. It’s unclear when each store will officially close its doors.

    Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to The Hill.

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    Comments / 1
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    Queen of Egypt Believe It!
    18d ago
    Yeah, this isn’t a good thing at all. They’ll probably end up going completely out of business at some point
    View all comments
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