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New Hartford, NY
Business
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown Of NY Closures
Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. 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 …
Business
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts
It's more bad news for discount retailer Big Lots. The nationwide chain announced in June that it would close 40 stores following dismal sales and rising costs, but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in the Northeast. Big Lots announced in a US Securities and Exchange Commission filing on Friday, Aug. 2, that under an updated term sheet, the company would need to close 20 percent of its 1,392 stores — about 290 in all. Here are some of the local closures. Connecticut — Eight stores Manchester — 1…
Business
New Bed Bath & Beyond Store Closures Include Westchester Location
Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes five locations in New York State: Nassau County: 251 Airport Plaza Blvd., Farmingdale Orange County: Orange Plaza 470 Route 211 East, Wallkill Westchester County: 500 East Sandford Blvd., Mount Vernon Oneida County: 4805 Commercial Drive, New Hartford Clinton County: 73 Centre Drive, Suite 100 Plattsburgh The company is due to report its results for the second quarter later this …