Up to 315 Big Lots locations could be facing potential closure, including 19 in New York, New Jersey and Connecticut.
Up to 315 Big Lots locations could be facing potential closure, a Securities & Exchange Commission filing from Friday indicated.The company disclosed in the filing that it had upped the number of permitted store closings to a maximum of 315 as part of late July amendments to a credit agreement and term loan facility. That marked a 165-store increase from the 150 closings previously permitted.
These efforts include taking decisive actions to operate efficiently and reviewing our store footprint on an ongoing basis to make sure we're best positioned to serve our customers and our business," a Big Lots spokesperson told FOX Business. "While the majority of our stores are profitable, we have made the difficult decision to close certain underperforming stores.
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