{"id":5372,"date":"2024-11-22T03:02:17","date_gmt":"2024-11-22T03:02:17","guid":{"rendered":"https:\/\/xstorynews.com\/?p=5372"},"modified":"2024-11-22T03:02:17","modified_gmt":"2024-11-22T03:02:17","slug":"popular-discount-chain-is-closing-multiple-stores-after-filing-bankruptcy-more-below","status":"publish","type":"post","link":"https:\/\/xstorynews.com\/?p=5372","title":{"rendered":"Popular Discount Chain Is Closing Multiple Stores After Filing Bankruptcy More below!"},"content":{"rendered":"

The reaper comes knocking for yet another<\/a> popular US chain store. As Big Lots feels the financial strain, they have filed for Chapter 11 bankruptcy, marking yet another store forced to shut up multiple stores.<\/p>\n

The bankruptcy filing for Big Lots has forced them to close many of their stores around the country. Currently, they’re forecast to close a total of 550 stores, but so far only 220 have been shut. The rest will follow as the process progresses.<\/p>\n

\"\"<\/p>\n

Chapter 11 bankruptcy means that Big Lots will essentially go into administration<\/a>. They will be treated as though bankrupt, and put under supervision as the reshuffle takes place. This will result in stores shutting, cutbacks being made, and a whole lot of paperwork. However, for now, most of the Big Lots stores will operate as usual. Currently, the states affected by closers will be Phoenix, Arizona, Atlanta, Georgia, and Meridian, Idaho, with Texas and California coming later.<\/p>\n

Big Lots Last Stand Against Bankruptcy<\/h2>\n

In a statement to Nexstar, Big Lots said “We continue to evaluate store closings in light of lease renegotiations and other considerations, and remain committed to keeping our customers informed as we move forward.” There is still a chance the popular discount chain could pull it back and avoid complete obliteration<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The reaper comes knocking for yet another popular US chain store. 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