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Big Lots

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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 Close 5 More Pennsylvania Stores Big Lots To Close 5 More Pennsylvania Stores
Big Lots To Close 5 More Pennsylvania Stores Things have gotten worse for the discount retailer Big Lots.  The national chain was previously set to close approximately 300 stores, then they decided to close 40 more, but following a new filing with the Securities & Exchange Commission on Friday, Oct. 4,  the impending closure of another 150 stores nationwide has been announced. The store closures are part Chapter 11 bankruptcy process. This latest round brings the total number of planned and completed closures to about 500. Big Lots had 73 stores located in the Keystone State when this process started, at the tim…

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by Jillian Pikora
Business
Big Lots To Close 4 More Pennsylvania Stores Big Lots To Close 4 More Pennsylvania Stores
Big Lots To Close 4 More Pennsylvania Stores It's more bad news for discount retailer Big Lots.  The national chain previously announced plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC), but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in Pennsylvania. In an updated term sheet Big Lots filed with the SEC on Friday, Aug. 2, the company detailed that it would need to close 20 percent of its 1,392 stores — about 290 in all  Big Lots has 73 stores located in the Keystone State.  The company cited…

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by Jillian Pikora