Several local Big Lots locations are set to close at the end of the month following the company's filing for bankruptcy and new ownership.
A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double. It’s no secret that 2024 was a tough year for many retailers.
The states with the most Big Lots locations up for sale on the list are Texas (72), New York (49) and Florida (44).
Despite striking a last minute sale to save hundreds of stores amid bankruptcy, Big Lots is still eyeing hundreds of store closures under its new owners, Gordon Brothers. The Boston-based investment group recently listed several stores' leases for sale, meaning, these locations will likely not remain open.
The CEO and president of Big Lots in December said the company remained "hopeful" about keeping some stores open.
The company helping Big Lots through its bankruptcy process is selling the leases of six stores across Tennessee. In September, Big Lots announced it was filing for chapter 11 bankruptcy and it would close over 300 stores in addition to the originally planned 35 to 40 store closures.
A real estate agency is selling leases for Big Lots locations across 47 U.S. states. See which locations are in Georgia.
As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are on list of those for sale.
Two of Neenah's newest businesses will include the first ever Ollie's Bargain Outlet in the area when they open in the coming months.
Big Lots has a list of 21 Pennsylvania locations for which their leases were listed for sale, which means they very well could be closing. It’s been an
You can fine me all you want City of Greenville North Carolina. #NoAmericanFlagIsTooBig,” the 50-year-old tycoon wrote in a social-media post.