The CEO and president of Big Lots in December said the company remained "hopeful" about keeping some stores open.
Despite striking a last minute sale to save hundreds of stores amid bankruptcy, Big Lots is still eyeing hundreds of store closures under its new owners, Gordon Brothers. The Boston-based investment group recently listed several stores' leases for sale, meaning, these locations will likely not remain open.
The company that bought Big Lots is planning to close hundreds of the chain's stores, including three in Mississippi. Here's what we know so far.
The states with the most Big Lots locations up for sale on the list are Texas (72), New York (49) and Florida (44).
The company that owns the Big Lots brand is selling leases for stores nationwide, it recently said, and numerous Michigan locations are among those affected. Gordon Brothers, which calls itself a global asset expert, currently own Big Lots and is selling leases in 47 states across the country, including in Michigan.
The company helping Big Lots through its bankruptcy process is selling the leases of six stores across Tennessee. In September, Big Lots announced it was filing for chapter 11 bankruptcy and it would close over 300 stores in addition to the originally planned 35 to 40 store closures.
As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are on list of those for sale.
I t's been a wild ride for Big Lots. After the retailer began closing stores in 2022, their future remained uncertain. But when they filed for bankruptcy this past September, it s
After reaching an agreement to keep hundreds of Big Lots stores open nearly four weeks ago, Gordon Brothers Retail Partners is now planning to sell the leases and close around 500 locations.
Big Lots locations in the town of Ulster and Saugerties appear to be closing their doors for good, as the company’s new owners have listed the stores’ locations