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More Big Lots to Close Their Doors Permanently. Earlier this year, the discount retail chain Big Lots filed for bankruptcy, announcing it would be closing hundreds of stores nationwide.
Big Lots is preparing to close all of its locations following months of store closures and a September filing for Chapter 11 bankruptcy protection.
The announcement comes weeks after Big Lots announced 35-40 store closures. ... Springfield − 390 Cooley St. Swansea − 207 Swansea Mall Drive. Webster − 116 E. Main St.
Big Lots Stores, Inc. (stylized as Big Lots! ) is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio , and includes over 900 locations across the United States.
At first, Big Lots announced that it would continue operations as usual while closing 300 stores. By the end of September 2024, that had grown to about 400.
It later expanded to the Southwest and the South, but left both markets in the late 1990s. In 1997, Consolidated Stores Corporation bought out the remaining MacFrugals stores for $995 million (~$1.75 billion in 2023) in stock. [1] In 2002, Big Lots (formerly Consolidated Stores) converted them into the Big Lots brand. [2]