Columbus, OH – Big Lots, Inc. has entered a sale agreement with Nexus Capital Management LP as part of its Chapter 11 bankruptcy restructuring. The sale could impact 45 locations in Indiana, as the company plans to close underperforming stores.
Big Lots aims to streamline operations and achieve profitability by 2025 through the sale, which includes most of its assets. According to company leaders, the future of its Indiana stores will depend on ongoing evaluations of the company’s operational footprint.
CEO Bruce Thorn emphasized that while many stores are profitable, closures will be necessary to optimize business performance. No specific Indiana stores have been confirmed for closure at this time.
Big Lots will continue to serve customers in-store and online throughout the restructuring process. The company remains focused on delivering value, but the fate of its Indiana locations remains uncertain as more updates are expected later this year.
