Big Lots in Orange (technically Pinehurst) has survived the latest cut as the company filed for bankruptcy protection. Unfortunately for Beaumont and Groves, that is not the case. They are two of 32 locations set to close in Texas.
In September, Big Lots announced they were closing almost 300 stores across the United States after recording a net loss of more than $200 million for the first quarter of their fiscal year. Then last week they announced they would close an additional 40 stores. The company has agreed to sell its business to Nexus Capital Management for approximately $760 million, according to reports.
They still have more than 1000 stores in the US.
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