Columbus, OH – Big Lots, Inc. has announced a sale agreement with Nexus Capital Management LP as part of its Chapter 11 bankruptcy restructuring, putting 102 Ohio stores at risk of closure.
The sale, which includes most of Big Lots’ assets, is aimed at streamlining operations and returning the company to profitability by 2025. Big Lots plans to close underperforming stores, and Ohio’s 102 locations are under review as part of the restructuring process.
CEO Bruce Thorn stated that while many stores remain profitable, some closures will be necessary to optimize the company’s performance. No specific Ohio stores have been confirmed for closure yet.
Throughout the process, Big Lots will continue to serve customers both in-store and online, maintaining its commitment to extreme value. However, the future of its Ohio locations remains uncertain, with further details expected in the coming months.
