Big Lots to Close Over 340 Stores Amid Bankruptcy

The retailer's Chapter 11 filing will see closures across multiple states, impacting hundreds of locations.

Big Lots filed for Chapter 11 bankruptcy in September, citing high inflation and decreased consumer spending as major factors.
The company plans to close more than 340 stores nationwide, with closures already underway in some areas.
Texas, Ohio, Tennessee, and Arizona are among the states most affected, with multiple store closures announced in each.
Nexus Capital Management LP is set to acquire Big Lots' assets and business operations, pending court approval.
Big Lots continues to operate its remaining stores and e-commerce site, while also evaluating the future of its distribution centers.