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Big Lots Stores, Inc. (stylized as Big Lots! ) is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio , and includes over 900 locations across the United States.
Big Lots, which this week announced going-out-of-business sales at all its locations, also plans to permanently lay off up to 555 employees from its Columbus corporate headquarters.
In a sale brought about by global asset and real estate consulting firm Gordon Brothers, between 200 and 400 Big Lots stores will remain open.
Big Lots was the fourth-largest home goods retailer in the U.S. when it filed for bankruptcy, with $4.7 billion in 2023 revenue, 1,392 stores at the beginning of 2024, and more than 27,000 employees.
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After months of store closures and filing for Chapter 11 bankruptcy protection, Big Lots is preparing to close all of its locations, according to a press release issued by the company on Thursday ...
The Big Lots chain still exists. It has entered chapter 11 bankruptcy, which is a restructuring bankruptcy. Chapter 11 is a restructuring bankruptcy, not a liquidation bankruptcy. Big Lots has been sold to a private equity company and will be restructured. The use of the past tense "was" in the article is incorrect.
Despite the bankruptcy filing, Big Lots isn't going dark: Stores not slated for closure will remain operational — though, of the company’s 1,400 locations nationwide, several hundred are set ...