Big Lots closing nearly 300 stores nationwide! Another one Bites the Dust!

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Another one Bites the dust! Goodbye Big Lots!

https://www.dispatch.com/story/business/briefs/2024/08/02/nearly-300-big-lots-closing-in-as-discount-retailer-faces-bankruptcy/74638441007/

Columbus-based retailer Big Lots announced in a public June filing it would close 35-40 stores while opening three around the country, but it now likely may shutter nearly 10 times that amount.
The discount retailer did not release a list of closing stores, but its website as of mid Friday lists 293 locations — eight of them in Ohio — as closing soon with a banner touting an up to 20% off sale at the top of the screen. Local media and people on social media have noticed this as bankruptcy is becoming a risk for the company.
On Friday, Big Lots revealed in a publicly released loan agreement that it would increase the number of permitted store closings from 150 to 315.
Big Lots did not respond to requests for comment.

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h/t BLOWED UP REAL GOOD


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