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Chapter 11 bankruptcy

Business
These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When
These 64 PA 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 the remaining 64 locations in Pennsylvania. Big Lots had 73 stores located in the Keystone State when they declared bankruptcy over the summer. More than 6% of all Big Lots were located in the commonwealth, with the most stores located in Texas.  The last day of business is expected to be in mid-February, according to sources familiar with the closures. While offi…

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by Jillian Pikora
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