Columbus, OH – Big Lots, Inc. has confirmed that none of its 116 Texas stores are slated for closure, even as more than 20% of its nationwide locations were listed as “closing soon” amid its Chapter 11 bankruptcy restructuring.
The company recently entered a sale agreement with Nexus Capital Management LP to streamline operations and focus on profitability by 2025. While closures are expected across the country, Texas locations remain unaffected for now.
CEO Bruce Thorn noted that the company is optimizing its store footprint but emphasized that Texas stores are not part of the current closure plans. Big Lots continues to serve customers in-store and online throughout the restructuring process.
More details on the company’s restructuring efforts are expected later this year.
