Big Lots Bankruptcy Leads to Store Closures

Big Lots is undergoing significant restructuring following its Chapter 11 bankruptcy filing, with plans to close numerous stores and distribution centers across the U.S. Closures are imminent in locations such as Durant, Oklahoma, and Northern Nevada, including Carson City and Sparks, with liquidation sales ongoing. In Pennsylvania, shoppers in Carbon County are reacting to the impending closure of the Lehighton Big Lots, while in Montgomery, Alabama, almost 500 employees face potential layoffs at the Big Lots Distribution Center, although the situation remains unclear. The company, which rebranded in 2001, initially planned to sell its assets to a private equity firm, but the deal fell through, leading to widespread closures. Local officials in affected areas are preparing to support displaced workers through job fairs and attracting new businesses, as communities grapple with the economic impact.