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.
A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double. It’s no secret that 2024 was a tough year for many retailers.
The states with the most Big Lots locations up for sale on the list are Texas (72), New York (49) and Florida (44).
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 CEO and president of Big Lots in December said the company remained "hopeful" about keeping some stores open.
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.
A real estate agency is selling leases for Big Lots locations across 47 U.S. states. See which locations are in Georgia.
As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are on list of those for sale.
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 that bought Big Lots in December has announced it will sell its remaining locations in Arizona. Here's which locations are affected.
The clock is ticking to save St. Lawrence County’s two Big Lots locations, with offers to purchase the leases due today, Jan. 24.  It is unclear if a buyer has come forward