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Big Lots to close all stores: Going out of business sales planned at 66 NC sites, 9 in WNC

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Big Lots to close all stores: Going out of business sales planned at 66 NC sites, 9 in WNC

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Discount retail chain Big Lots announced on Dec. 19 that the company is preparing to begin going out of business sales at all remaining store locations.

Big Lots previously filed for Chapter 11 bankruptcy protection in September following plans to close 340 stores across the country. At the time, Big Lots officials said that the closures were part of a sale agreement with an affiliate of Nexus Capital Management LP, according to a news release.

The most recent news release from the company said that officials do not anticipate completing this asset purchase agreement, though “it continues to work toward completing an alternative going concern transaction with Nexus or another party.”

“We all have worked extremely hard and have taken every step to complete a going concern sale,” CEO Bruce Thorn said in the recent release. “While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process.”

The chain joins several other retailers that have shuttered stores and declared bankruptcy throughout 2024.

Is Big Lots closing all stores?

Big Lots has already closed over 400 stores in 2024. Now, the company is working to commence with going out of business sales at all locations while continuing to search for a buyer. The company would aim to complete a sale by early January.

On the Big Lots website, a banner currently informs customers that all stores are closing, and to expect sales of up to 25% off throughout entire stores.

More: Party City is closing all stores, including 21 in North Carolina

How many Big Lots stores are in North Carolina?

There are 66 Big Lots locations in NC according to the chain’s website.

How many Big Lots stores are in Western NC?

There are nine Big Lots locations in WNC.

  • Arden, 11 Mckenna Road
  • Boone, 223 New Market Center (previously slated for closure)
  • Franklin, 273 Franklin Plaza Drive
  • Hendersonville, 204-A Thompson St.
  • Marion, 364 U.S. 70 W
  • Murphy, 1450 Andrews Road
  • Spindale, 1639 U.S. 74A Bypass
  • Waynesville, 1176 Russ Ave.
  • Weaverville, 125 Weaver Blvd.

Iris Seaton is the trending news reporter for the Asheville Citizen Times, part of the USA TODAY Network. Reach her at iseaton@citizentimes.com.

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