Big Lots filed for Chapter 11 bankruptcy in September and announced the closure of all its remaining stores in December. This was preceded by plans to close nearly 300 stores nationwide, including 26 in Florida. A planned sale to Nexus Capital Management collapsed, leading to liquidation sales with only minor discounts on remaining inventory. In January, Big Lots reached a sale agreement with Gordon Brothers for 200-400 stores, retaining Big Lots branding. However, none of the surviving stores will be in South Florida, with the closest option located in Fort Myers.
The company filed for Chapter 11 bankruptcy protection while announcing its plans to close all remaining locations, following a failed sale to Nexus Capital Management.
Despite announcing a closure of nearly 300 stores, Big Lots remains hopeful about its future after a restructuring deal with Gordon Brothers and Variety Wholesalers.
Collection
[
|
...
]