Nearly 50 additional Big Lots stores are slated to close across the United States as the retailer continues its bankruptcy process.
The retailer, which filed for Chapter 11 bankruptcy protection in September, plans to close more than 340 stores. Some of those closures may have already gone into effect, as more than 50 stores have been removed from the chain's online list of locations since July 2.
Store closures for the store form part of a sale agreement with an affiliate of Nexus Capital Management LP, according to a press release from Big Lots. The company has also filed motions in court seeking approval to continue to pay employees and benefits as well as payments to certain critical vendors to continue business as usual.
Court filings from last month show 344 stores that Big Lots has chosen to close as part of its bankruptcy process.
Initially, four states, Idaho, New Mexico, Oklahoma and Texas were not slated to see any closures. But new filings show that each of them will have locations close, with Idaho, Oklahoma and New Mexico seeing one closure each and Texas seeing more than 15 stores closing across the state.
The only states not affected by Big Lots closures to this point are Delaware, Mississippi, Nebraska, North Dakota, Rhode Island and West Virginia.
Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at [email protected] and follow him on X @fern_cerv_.
2024-12-26 20:061351 view
2024-12-26 19:411452 view
2024-12-26 19:31986 view
2024-12-26 19:03289 view
2024-12-26 18:582462 view
2024-12-26 18:46650 view
The McDonald’s employee who relayed Luigi Mangione’s location will not be lovin’ this outcome. After
ASHEVILLE, N.C. — David Jagielski was camping under the Amboy Bridge when the water started rising.
Love movies? Live for TV? USA TODAY's Watch Party newsletter has all the best recommendations, deliv