Big Lots announces closing sales at remaining stores. Here’s what you should know

Big Lots announces closing sales at remaining stores. Here’s what you should know

After closing hundreds of stores and filing for Chapter 11 bankruptcy protection earlier this year, discount retailer Big Lots is preparing to close its remaining locations.

According to a news release from the Columbus, Ohio-based chain issued Thursday, the company is expected to begin halting sales at its remaining 963 stores “to protect the value of its real estate.”

The decision comes as the chain’s planned sale of the majority of its assets and business operations to Nexus Capital Management fell through.

“We have all worked extremely hard and taken every step to complete a going concern sale,” Big Lots President and CEO Bruce Thorn said in a statement. “However, we remain confident that we can complete an alternative going concern sale. “To protect the value of the Big Lots property, we have made the difficult decision to initiate the GOB process.”

The company said it would continue to serve customers at its remaining stores and on its website biglots.com.

The chain has already closed at least 429 branches nationwide this year.

According to the company’s website, Big Lots operates 72 stores in Florida, including three in Jacksonville. As of July, two months before filing for bankruptcy, the chain was operating up to 106 stores in the state.

Florida closures over the summer included Big Lots’ Orange Park location at 700 Blanding Blvd. Other area stores: 9119 Merrill Road, 9625 Crosshill Blvd. and 9718 Old St. Augustine Road remained open.

Now those stores and others across the country are expected to begin sales to clear out remaining inventory. However, as of Thursday evening, no store sales were listed on the company’s website.

Already this year, Walgreens closed locations, Walmart closed all 51 of its health centers, restaurant chains like Red Lobster, Tijuana Flats, TGI Fridays and Hooters announced closures, and retail stores like rue21, Express, Best Buy, Macy’s, Dollar Tree and Family Dollar all announced bankruptcies or location downsizing.

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Stores in the state that have already closed this year include:

  • Boca Raton, 21697 State Road 7

  • Bonita Springs, 25191 Chamber of Commerce Drive

  • Boynton Beach, 901 N. Congress Ave.

  • Bradenton, 7381 52nd Place E

  • Clewiston, 328 E Sugarland Highway

  • Coconut Creek, 4847 Coconut Creek Parkway

  • Daytona Beach, 2400 W. International Speedway

  • Destin, 34940 Emerald Coast Parkway

  • Fort Myers, 15271 McGregor Blvd.

  • Hallandale, 1761 E Hallandale Beach Blvd

  • Hollywood, 3921 Oakwood Blvd

  • Miami, 8265 W. Flagler St.

  • MiamiLakes, 5580 NW 167th St

  • Naples, 2882 Tamiami Trail E.

  • Orange Park, 700 Blanding Blvd

  • Orlando

  • Plantation, 7067 W. Broward Blvd

  • Pompano Beach, 1440 Ne 23rd St

  • Port Richey, 11854 US Highway 19

  • Royal Palm Beach, 511 N. SR 7

  • Sarasota, 3750 Bee Ridge Road

  • Stuart, 2236 SE Federal Highway

  • Tampa, 12601 Citrus Plaza Drive

  • Tarpon Springs, 41306 US Highway 19 N.

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