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Big Lots

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Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said. A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores.  "Retailers that were unable to adapt supply chains and implement t…

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by Chris Spiker
Business
Big Lots Reaches Deal To Keep Hundreds Of Stores Open Big Lots Reaches Deal To Keep Hundreds Of Stores Open
Big Lots Reaches Deal To Keep Hundreds Of Stores Open Big Lots has announced a major development following its September bankruptcy filing. The discount retail chain says it's entered a strategic agreement with Gordon Brothers Retail Partners and Variety Wholesalers to preserve the brand, save thousands of jobs, and keep hundreds of stores open. Variety Wholesalers, known for its portfolio of retail brands, plans to acquire between 200 and 400 Big Lots locations, along with up to two distribution centers. There are about 1,400 Big Lots stores nationwide. The transition ensures Big Lots can transfer key assets and maintain continuity of its br…

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by Joe Lombardi
News
Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where
Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where Big Lots, the popular discount retailer, is officially going out of business, which means hundreds of workers are about to lose their jobs. The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including 18 locations in New Jersey. According to a WARN notice, 385 New Jersey employees will be out of work by Feb. 28, 2025. The layoffs will be in Somers Point, Edgewater Park, North Cape May, Toms River, Clifton, Brickton, South Plainfield, West Deptford, Sicklerville, Middletown, Dover, Barnegat, Cape May Court…

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by Cecilia Levine
Business
These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When
These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When Big Lots, the popular discount retailer, is officially going out of business.  The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including 18 locations in New Jersey. The last day of business is expected to be in mid-February, according to sources familiar with the closures. While official store closing sales have not yet begun, all Christmas items are currently 50% off, offering shoppers a chance to stock up before the doors shut for good. The closures mark the end of an era for the budget-friendl…

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by Cecilia Levine
Business
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings.  The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…

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by Joe Lombardi
Business
Big Lots To Shut These New Jersey Stores: Closing Sales Under Way Big Lots To Shut These New Jersey Stores: Closing Sales Under Way
Big Lots To Shut These New Jersey Stores: Closing Sales Under Way Big Lots! has announced the closures of even more locations since filing for bankruptcy in September. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. Additional closures were approved this month in bankruptcy court.  New Jersey has 27 stores, and 13 of them are set to close with closing sales underway. They are: Cherry Hill, 949 Church Road Dover, 550 Mount Pleasant Avenue East Brunswick, 275 Route 18 Freehold, 220 Trotters Way Glassboro, 811 N Delsea Drive Jersey Ci…

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by Cecilia Levine
Business
Shuttered Paramus Barnes & Noble To Reopen In Former Toys R Us Store Shuttered Paramus Barnes & Noble To Reopen In Former Toys R Us Store
Shuttered Paramus Barnes & Noble To Reopen In Former Toys R Us Store The shuttered Paramus Barnes & Noble is coming back to life. The treasured book store that long stood at 765 Route 17 south on the Ridgewood border will be replacing Big Lots! on Route 17 northbound, the store announced on Facebook. Big Lots ! is set to close in May, store associates tell Daily Voice. The space was formerly home to Toys 'R' Us.  "While we are sad to leave this location, we are excited for our next chapter," the store said. Barnes & Noble of Paramus broke hearts last January when it announced it would be closing.

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by Cecilia Levine
News
Amazon Fulfillment Center Replacing Vacant Jersey Shore Sears Store Amazon Fulfillment Center Replacing Vacant Jersey Shore Sears Store
Amazon Fulfillment Center Replacing Vacant Jersey Shore Sears Store Amazon plans to open another fulfillment center in Central Jersey at the site of a vacant Sears store. The approximately 93,000-square-foot Monmouth County location — at Seaview Square Shopping Center in Ocean Township — is expected to open in October, Mayor Chris Siciliano told NJ Advance Media. “It’s a win-win for us and for Amazon," Siciliano told NJ.com. "It’s really an ideal spot and it will serve the needs of several communities." Amazon customers will be able to pick up packages at the center, which will create up to 200 jobs. Fulfillment centers are used to store inventory like el…

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by Jon Craig
News
Authorities: Man Caught Taking Upskirt Pics In Route 46 Store Tries To Fool Police Authorities: Man Caught Taking Upskirt Pics In Route 46 Store Tries To Fool Police
Authorities: Man Caught Taking Upskirt Pics In Route 46 Store Tries To Fool Police A man accused of taking an upskirt photo of a customer in a Big Lots store on Route 46 tried to fool police by changing his shirt, authorities said. The thing was: Jalen Torres, 25, of Passaic was carrying the shirt the victim said he was wearing at the time, they said. The 31-year-old victim from New York told police she was shopping with her young child in the Clifton store when she “felt something touch her leg,” Detective Sgt. Robert Anderson said. “When she looked down, she saw [Torres] holding a cellphone under her skirt with the camera app open,” he said. Torres fled the store wh…

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by Jerry DeMarco