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Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown In Mass.

Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands.

Big Lots

Big Lots

Photo Credit: Wikipedia/Harrison Keely

It currently has around 1,425 stores nationwide.

The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management.

In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming.

Stores in the Northeast now slated for closure are as follows:

New York

  • Delaware Avenue, Buffalo
  • South Ogden Street, Buffalo
  • Route 5 & 20, Canandaigua 
  • Voice Road, Carle Place
  • Centereach Mall, Centereach
  • North Triphammer Road, Ithaca
  • Commercial Drive, New Hartford
  • Cornelia Street, Plattsburgh
  • Burnett Boulevard, Poughkeepsie
  • Upper Glen Street, Queensbury

Connecticut

  • Pleasant Valley Road, Manchester
  • Turnpike Square, Milford
  • Berlin Turnpike, Newington
  • Town Street, Norwich
  • East Main Street, Torrington
  • Wolcott Street, Waterbury
  • Boston Post Road, Waterford
  • Windsor Avenue, Windsor

Massachusetts

  • Pond Street, Ashland
  • Main Street, Dennis Port
  • North King Street, Northampton
  • Highland Avenue, Seekonk
  • Union Street, West Springfield

In connection with the court-supervised process, Big Lots has secured commitments for $707.5 million of financing, including $35 million in new financing from certain of its current lenders.

Big Lots President and Chief Executive Officer said in a statement: "The actions we are taking today will enable us to move forward with new owners who believe in our business and provide financial stability, while we optimize our operational footprint, accelerate improvement in our performance, and deliver on our promise to be the leader in extreme value."

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