Big Lots bankruptcy: List of closing store locations in new Chapter 11 filing as retailer announces sale to private equity
The discount home goods chain said it will sell its business to Nexus Capital Management. Locations across more than 30 states won’t survive.
Discount home goods retailer Big Lots has filed for Chapter 11 bankruptcy after warning it had “substantial doubt” about its survival. As part of its efforts to stabilize, the company is closing a significant number of stores. The bankruptcy follows a series of financial losses, a shrinking customer base, and escalating operational costs.