Big Lots closing 19 more stores as retailer navigates Chapter 11 bankruptcy

Big Lots is closing an additional 19 stores as the company continues to navigate through Chapter 11 bankruptcy, court documents show.

Big Lots announced in September that the company filed for Chapter 11 bankruptcy protection and planned on closing more than 340 stores. The closures are occurring due to affiliate Nexus Capital Management LP acquiring Big Lots as part of a sale agreement, the retailer said in a news release.

“Though most of our stores are profitable, and we are taking every step possible to improve the profitability of all our stores, we will need to close certain locations to ensure that our business operates efficiently and we can continue serving our customers,” according to the retailer.

In October, Big Lots closed 50 additional stores across the United States. Although the stores are closing, the retailer filed motions in the U.S. Bankruptcy Court for the District of Delaware to continue paying and providing benefits to employees, as well as sending payments to important vendors so it can continue to run the business.

The sale to Nexus is expected to be final by the fourth quarter of 2024, and the agreement includes $707.5 million of financing, with $35 million coming from some of Big Lots’ current lenders.

What Big Lots stores are closing?

According to a court document filed on Monday and obtained by USA TODAY, the 19 Big Lots stores that will close include:

• Big Lots at 23741 Highway 59 Ste 30 in Porter, Texas
• Big Lots at 111 Racetrack Road NW in Fort Walton Beach, Florida
• Big Lots at 3715 Colony Drive in San Antonio, Texas
• Big Lots at 3358 Chamblee Tucker Road in Atlanta, Georgia
• Big Lots at 100 East Fairview Avenue in Meridian, Idaho
• Big Lots at 1207 Aviation Boulevard in Redondo Beach, California
• Big Lots at 3543 West Thunderbird Road in Phoenix, Arizona
• Big Lots at 1201 West Nasa Parkway in Webster, Texas
• Big Lots at 25260 Madison Avenue in Murrieta, California
• Big Lots at 1815 West Slauson Avenue in Los Angeles, California
• Big Lots at 1070 Biddle Road in Medford, Oregon
• Big Lots at 930 South Highway 395 Ste A in Hermiston, Oregon
• Big Lots at 1675 Hillman Street in Tulare, California
• Big Lots at 813 North Stratford Road in Moses Lake, Washington State
• Big Lots at 7781 West Tropical Parkway in Las Vegas, Nevada
• Big Lots at 4751 White Lane in Bakersfield, California
• Big Lots at 1350 Ne Stephens St Ste 50 in Roseburg, Oregon
• Big Lots at 1300 Disc Drive in Sparks, Nevada
• Big Lots at 2544 East Colonial Drive in Orlando, Florida

All the stores Big Lots has chosen to close as part of its bankruptcy process were listed in court filings in September.