Big Lots Adjusts Store Closure Plans Amid Bankruptcy
Big Lots Adjusts Store Closure Plans Amid Bankruptcy

Big Lots Adjusts Store Closure Plans Amid Bankruptcy

News summary

Big Lots, the Ohio-based discount retailer, is navigating Chapter 11 bankruptcy and has announced plans to close an additional 19 stores, primarily in the western United States. Despite having already closed over 240 stores earlier this year, some previously slated for closure have been removed from the list, such as a location in Lehigh Valley, which will remain operational. The company continues to evaluate store closures amid lease renegotiations, market conditions, and a strategy to stabilize financially in the face of high inflation and stiff retail competition. Notices on some stores' webpages shifted from 'closing' to inviting customers to 'share your big ideas.' As of November 19, over 270 stores have been closed, with more than 200 still in the closure process. Big Lots remains committed to providing updates as they navigate these changes.

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