Big Lots Closes 56 Locations Nationwide Amid Bankruptcy
Big Lots continues to cut back significantly, now targeting 56 store closures across 27 states as part of its Chapter 11 bankruptcy restructuring process. The company based in Columbus, Ohio disclosed these closures in a regulatory filing. This follows an earlier announcement where the retailer revealed plans to close 46 stores in 23 states, all currently having closure sales. Earlier in August, Big Lots outlined intentions to potentially close up to 315 stores, presenting a substantial contraction for the discount retailer.
Overview of Store Closures
The following locations are now slated to close:
- Alabama: 142 Green Springs Highway, Homewood 35209
- Arkansas: 150 E Oak Street, Conway 72032
- Arizona: 1799 Kiowa Avenue #106, Lake Havasu City 86404
- California: multiple locations including 16824 Main Street, Hesperia and 2727 N Grand Avenue, Santa Ana
- Florida: 751 Good Homes Road, Orlando 32818
- Georgia: 4200 Wade Green Road NW Ste 144, Kennesaw 30144
- Illinois: 1383 E Pershing Road Suite A, Decatur 62526
- Iowa: 3320 Agency Street, Burlington 52601
- Texas: multiple locations including 3512 Lamar Avenue, Paris
Understanding the Impact
Big Lots currently has a total of 1,145 locations across the U.S. Despite these substantial closures, the company aims to eventually sell portions of its business to private equity partner Nexus Capital Management.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.