Big Lots Going Out of Business

Big Lots announced going-out-of-business sales at all locations last week following a Chapter 11 bankruptcy filing in September. President Bruce Thorn said they’ve worked hard but must protect the company’s value. The retailer has 32 stores in Michigan and one in Port Huron. Despite profitable stores, Big Lots plans a more focused footprint. They continue working on a sale, aiming for early January. Sales will start soon at remaining stores, and they’ll keep serving customers in-store and online.

Reporting for WGRT – JP bZet