The Implications of AI in Digital Marketing
The Implications of AI in Digital Marketing
12 Steps to Create Videos

Big Lots to shutter over 50 more retail locations [Video]

Categories
Starting a Business

Big Lots aims to permanently close the doors of more than 50 stores.

The discount retailer disclosed its intentions of shuttering 56 more locations in a Friday filing to the bankruptcy court overseeing its Chapter 11 proceedings. 

The new stores set for closure are located in numerous states, including California, Texas, Nebraska, New Mexico, Ohio, Pennsylvania, Michigan, Georgia, Tennessee, Illinois, Arkansas, Alabama, Connecticut, Virginia, Indiana, Iowa, Colorado, Missouri, Washington, Arizona, Maryland, Kansas, Louisiana, Florida, Oklahoma, Wisconsin and North Carolina.

Relevant parties have until Wednesday afternoon to object to the planned closures, per the notice.

BIG LOTS FILES FOR BANKRUPTCY, WILL CLOSE SOME STORES AMID SALE TO INVESTMENT FIRM

The locations would add to the numerous stores that the discount retailer has already closed this year.

Big Lots launched Chapter 11 bankruptcy proceedings early last month to help facilitate the sale of “substantially all” of its assets to its “stalking horse bidder” Nexus Capital Management.

In early September, the discount …

How to Reach your Market in a World Ruled by Generative AI
How to Reach your Market in a World Ruled by Generative AI
5 Steps to Creating Successful Ads