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

Category: Business

Big Lots is set to close all its locations after filing for Chapter 11 bankruptcy, with over 400 stores already closed in 2024. The company plans to start 'going out of business' sales at remaining stores, although CEO Bruce Thorn mentioned that closures could be reversed if a sale is completed. The company had previously filed for bankruptcy and attempted to sell its assets, but the sale fell through.

Keywords: Big Lots, bankruptcy, store closures

Source: USA TODAY

Update At: 12/20/2024

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