Big Lots Announces Nationwide Closure: What Shoppers Need to Know

Category: Business/Finance

Big Lots has announced the closure of all its stores nationwide following bankruptcy and a failed acquisition. The company will hold liquidation sales as it exits the market, affecting numerous communities and shoppers.

Big Lots, the Ohio-based discount retailer, has officially announced that it will be closing all of its stores across the United States. This decision comes after the company declared bankruptcy in September 2024 and faced a failed acquisition deal. As part of the closure process, Big Lots will be holding 'going out of business' sales at all locations. The company, which once operated 963 stores, had already closed over 400 stores earlier this year. Shoppers can expect significant discounts as the liquidation sales begin, with many locations already starting to mark down their inventory. The closure impacts numerous communities, including several locations in the Baltimore area. This marks a significant shift in the retail landscape as Big Lots exits the market amid ongoing economic challenges.

Reference

Updated At: 12/20/2024

Is Big Lots closing? What to know as company announces 'going out of business' sales

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USA TODAY

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CBS News

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The Baltimore Banner

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10TV

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The Columbus Dispatch

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