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large Lots plans to close all stores: view packed list of locations around the US


large Lots

large Lots plans to close all stores: view packed list of locations around the US

Portrait of Anthony Robledo Anthony Robledo

USA TODAY

America is preparing to declare goodbye to another large name retail chain.

large Lots is planning shutter all of its locations following months of store closures and a September filing for Chapter 11 financial setback protection.

The retail chain is launching “going out of business” sales to “protect the worth of its estate,” a Thursday press release stated. The business did not propose a timeline for how long the sales will last but promised to serve customers in-store and online.

CEO Bruce Thorn said the closures could be reversed if a business sale is completed. More than 400 stores have already shuttered this year.

“We all have worked extremely challenging and have taken every step to complete a going concern sale. While we remain optimistic that we can close an alternative going concern deal, in order to protect the worth of the large Lots estate, we have made the challenging selection to commence the GOB procedure,” Thorn said in the release.

Holiday deals: Shop this period’s top products and sales curated by our editors.

A Big Lots in San Angelo, Texas on Dec. 20, 2024.

large Lots stores closing

Search the database below to discover the list of large Lots store locations in your city or state, according to the business’s website. All locations are set to have “going out of business” sales in the coming days.

financial setback and store closures at large Lots

Back in September, large Lots filed for Chapter 11 financial setback protection weeks after announcing plans to close 340 stores across the United States.

The business said at the period that the closures were part of a sale agreement with an affiliate of Nexus capital apportionment Management LP, according to a information release. aspiration was on the horizon for the business as it announced the approval to sell most of its assets and business operations to Nexus.

That aspiration was dashed by December, however, when the sale failed to leave through.

Founded in 1967, large Lots began in Columbus, Ohio selling a variety of retail products from furniture and electronics to toys and home décor.

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