Big Lots may close more than a dozen new stores, according to the latest update in its bankruptcy case.
Ohio-based discount retailer Big Lots may have to close more stores, according to a recent filing in its Chapter 11 bankruptcy case, as reviewed by Newsweek. The potential for more store closures comes after a fifth notice was filed in bankruptcy court.Newsweek reached out Wednesday via email to Big Lots' press team for comment on Wednesday.Is Big Lots Closing More Stores?On Monday, the fifth notice of store closures was filed in U.S.
The Hill reports that at least 140 of those stores have already been closed, and many are set to close by January 2025. California will have the most stores closed, with 75 out of 109 set to be shuttered in the state.In August, when a big wave of store closures was announced, a Big Lots spokesperson told Newsweek the move is part of a broader strategy to stabilize the company financially.
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