Nearly 50 additional Big Lots stores are set to close as the company navigates through its Chapter 11 bankruptcy protection filings. The Ohio-based company announced earlier this month that it planned to sell assets and business operations to a private equity firm amid the bankruptcy filing.

Nearly 50 additional Big Lots stores are set to close as the company navigates through its Chapter 11 bankruptcy protection filings. The Ohio-based company announced earlier this month that it planned to sell assets and business operations to a private equity firm amid the bankruptcy filing.

Big Lots is planning to close stores as it goes through Chapter 11 bankruptcy. A store in Maryland left BI confused about the retailer's purpose.

Big Lots is closing more stores than it initially announced. The Columbus-based retailer, which is in the midst of a Chapter 11 bankruptcy reorganization, now is closing at least 344 stores nationwide.

Why Big Lots is closing shop. The post What Happened to Big Lots? Bankruptcy, Store Closures Explained appeared first on Mandatory.