Big Lots To Shutter All 870 Remaining Locations

Fast Company reports:

After spending much of 2024 closing stores and recent months trying to solidify a sale of the company to keep its doors open, discount retail chain Big Lots has announced that it now plans to close all stores and go out of business. Big Lots had been working with the investment firm on a deal that would have seen it sell itself to Nexus Capital Management.

Things got so bad for the company that it began closing stores over the summer. In September, the company filed for Chapter 11 bankruptcy protection as a way to get its finances under control. According to Big Lots, every remaining location will commence sales “in the coming days to protect the value of its estate.” The company has about 870 locations left.

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