Popular Discount Retailer Big Lots Has Filed For Chapter 11 Bankruptcy And Plans To Close 295 Stores, With An Additional 250 Locations Shutting Down By January 2025. The Columbus, Ohio-Based Company Cited Inflation, High Interest Rates, And Changing Consumer Spending Habits As Reasons For Its Financial Struggles. Big Lots Is Also Entering Into A Sale Agreement With Nexus Capital Management Lp. While The Closures Have Been Announced, It Is Not Yet Clear If Any Stores In Our Region Will Be Among Those Affected.
