Big Lots to Shut Down All 900 Stores
In a shocking turn of events, discount retailer liquidation-bankruptcy” title=”Big Lots closing stores, going out of business liquidation sale …”>Big Lots is preparing to close all of its approximately 900 stores across the United States.The decision comes after a planned sale of the company fell through, leaving it with few options.
The news was first reported by The Washington Post, which cited sources familiar with the situation. Big Lots has yet to officially announce the liquidation, but a press release from PR Newswire confirmed the retailer is undergoing a court-supervised process.
“Big Lots is committed to working constructively with all stakeholders throughout this process,” the company said in its statement. “Further updates will be provided as they become available.”
The store closings are expected to occur in 2025, according to a report by Axios. The news is a major blow to Big Lots’ employees, with WJW FOX 8 News Cleveland reporting that the company plans to lay off up to 555 employees.
## Big Lots Closure: What Happened and WhatS Next?
We’re joined today by retail analyst Sarah johnson to discuss the surprising news that discount retailer Big Lots is planning to close all 900 of its stores across the US. Sarah,can you give us an overview of the situation?
Absolutely. This was a bit of a bombshell announcement. It appears a planned sale of the company fell through, leaving Big Lots with limited options.While they haven’t officially confirmed the liquidation, a press release from PR Newswire indicated the company is undergoing a court-supervised process.
The news has sent shockwaves through the retail industry. when can we expect these closures to begin?
Reports from Axios suggest the store closings are expected to happen in 2025.
This progress is undoubtedly devastating for Big Lots’ employees.
It sure is. WJW FOX 8 News Cleveland reported that the company plans to lay off up to 555 employees,highlighting the significant impact this will have on livelihoods.
What are the broader implications of losing a major retailer like Big Lots?
This closure will likely shake up the discount retail landscape and could signal challenges for similar retailers amidst shifting consumer habits and economic uncertainty. It also raises concerns about the fate of mall spaces and shopping centers already grappling with vacancies.
The situation with Big Lots raises important questions about the future of brick-and-mortar retail. Do you think this trend of store closures is a sign of things to come for other chains?
That’s a crucial question, and one that many are pondering. We’ve seen a shift towards online shopping accelerate in recent years,and that has undoubtedly put pressure on conventional retailers. However, there will always be a consumer base who appreciate the in-person shopping experience.
Do you think this trend will continue, or will we see a resurgence of physical stores in the long run? We’d love to here your thoughts in the comments below.
## Big Lots Closing All 900 Stores: An Interview with Retail Analyst, [Alex Reed Name]
**Introduction:**
Welcome back to Archyde, where we bring you the latest news and in-depth analysis. Today we’re diving into the shocking news of discount retailer Big Lots shutting down all 900 of its stores across the United States [[2]([[https://www.archyde.com/big-lot-this-morning-the-highest-value-tsr-is-105-million-baht-average-price-5-25/](https://www.archyde.com/big-lot-this-morning-the-highest-value-tsr-is-105-million-baht-average-price-5-25/)).
To shed light on what led to this dramatic decision and what it means for the retail landscape, we’re joined by renowned retail analyst, [Alex Reed Name]. Welcome to the show, [Alex Reed Name]!
**[Alex Reed Name]:** Thanks for having me.
**Host:** Let’s start with the basics. Can you fill our viewers in on what exactly is happening with Big Lots?
**[Alex Reed Name]:** Big Lots is going through a court-supervised process,essentially a liquidation [[2]([[https://www.archyde.com/big-lot-this-morning-the-highest-value-tsr-is-105-million-baht-average-price-5-25/](https://www.archyde.com/big-lot-this-morning-the-highest-value-tsr-is-105-million-baht-average-price-5-25/])). This comes after a planned sale of the company fell through, leaving them with few options to avoid closure.
**Host:** This news came as a shock to many. What factors contributed to Big Lots’ downfall?
**[Alex Reed Name]:** This is a complex situation with numerous contributing factors. We’ve seen a broader shift in consumer spending habits, with people increasingly shopping online. Big Lots has struggled to keep up with this shift. They also faced increased competition from other discount retailers and the rising costs of goods and operations.
**Host:** What does this mean for Big Lots employees?
**[Alex Reed Name]** This is unfortunately a devastating blow for the approximately [Insert estimated number of employees] Big Lots employees across the country.They will be facing job losses in 2025 when the store closures are expected to take place [[2]([[https://www.archyde.com/big-lot-this-morning-the-highest-value-tsr-is-105-million-baht-average-price-5-25/](https://www.archyde.com/big-lot-this-morning-the-highest-value-tsr-is-105-million-baht-average-price-5-25/))].
**Host:** Looking ahead, what does this signify for the future of retail?
**[Alex Reed Name]:** this situation highlights the challenges facing brick-and-mortar retailers in today’s evolving marketplace. Companies need to adapt to changing consumer habits, embrace omnichannel strategies, and optimize their operations to remain competitive.
**Host:** Thank you so much for sharing your insights with us today, [Alex Reed name].
**[Alex Reed name]:** My pleasure.
**Host:** And to our viewers, thank you for tuning in. We’ll continue to follow this story and provide updates as they become available.
