Big Lots is undergoing a Chapter 11 bankruptcy process, announcing 58 additional store closures across 26 states, raising total closures to approximately 450 from 1,300 stores.
The struggling discount retail chain has faced continuous financial troubles, culminating in a series of store closures starting from July, significantly impacting its presence in the retail market.
Recent filings indicate that the company has been steadily reducing its number of locations, with a plan that has evolved since July to include various states and regions.
Big Lots has expanded its store closure plan from 35 in July to nearly 450 locations, showcasing the severity of its financial challenges and the ongoing bankruptcy process.
Collection
[
|
...
]