Big Lots Closing More Than 400 Stores: Is Yours in Jeopardy?

Big Lots continues to struggle and it could affect your shopping plans if you rely on your local Big Lots to help you save money shopping.

The retailer was dealing with financial issues recently and announced in July that it planned to close stores this year. The company officially filed for bankruptcy in September along with announcing stores that it planned to close.

So, will your local Big Lots get cut out? Here’s what you need to know about the retailer's issues and whether your favorite store could be affected.

Big Lots has been struggling in recent years due to economic issues like inflation, which can be a particularly tough problem for consumers when buying big-ticket items like furniture and home goods.

High interest rates have also hit the discount retailer, making it harder for it to find financial success.

The company’s economic battles came to a head in September when it filed for bankruptcy and set out plans for more store closures.

Nexus Capital Management LP plans to buy the company for $700 million as part of its bankruptcy filing to help it overcome its financial troubles.

Big Lots originally announced in July that it planned to close around 40 stores as part of its plan to address its financial problems.

However, that number has skyrocketed to more than 400 store closures since its bankruptcy filing and purchase by Nexus Capital Management, with locations across multiple states affected by the shutdowns.

Here are a few of those locations that will be shutting down, and if you live in one of them, it could affect your shopping.

• 710 Academy Drive, Bessemer
• 6275 University Drive N.W., Huntsville
• 1109 280 Byp, Phenix City
• 1957 Cobbs Ford Rd., Prattville
• 1391 W. First Williams St., Sylacauga

Huntsville has two Big Lots locations, so residents will still be able to shop at the retailer despite losing one store.

• 9690 Colerain Ave., Cincinnati
• 4585 Eastgate Blvd., Cincinnati
• 11372 Princeton Pike, Cincinnati
• 1451 W. 5th Ave., Columbus
• 359 Miamisburg Centerville Rd., Dayton
• 1520 N Clinton St., Defiance
• 1550 Coshocton Ave., Mount Vernon
• 9880 Old US 20, Rossford
• 1170 Indiana Ave., St. Marys
• 410 E Perkins Ave., Sandusky
• 4925 Jackman Rd., Toledo
• 7779 Tylersville Rd., West Chester

Big Lots is based in Columbus, Ohio, and will be seeing stores in its home state shut down as part of its bankruptcy restructuring including one in its hometown and three in Cincinnati.

• 373 N. Willowbrook Road, Coldwater
• 2353 N. Park Drive, Holland
• 3669 E. Grand River Ave., Howell
• 4254 28th St. S.E., Kentwood
• 5625 W. Saginaw Highway, Lansing
• 32399 John R Road, Madison Heights
• 1401 Spring St., Petosky
• 6207 S. Westnedge Ave., Portage
• 2850 Washtenaw Ave., Ypsilanti

Michigan will still have 36 Big Lots locations open after the retailer shutters 10 stores in the state.

• 3113 Green Garden Road, Aliquippa
• 2820 Gracy Center Way, Coraopolis
• 4047 William Penn Highway, Monroeville
• 1701 Lincoln Highway, North Versailles
• 110 Greene Plaza, Waynesburg

Big Lots announced it would close some Pennsylvania stores in the western part of the state, including a location near Pittsburgh.

The Big Lots closures in these states are only part of the 400 stores the retailer plans to shut down in the coming months.

Stores in locations like California, Florida, New York, and New Jersey will also be affected as Big Lots continues the process of downsizing locations as part of its bankruptcy filing.

The announcement that Big Lots would be brought by Nexus Capital Management also included a note about the company’s plans to optimize different aspects of its organization.

That analysis could also include changes to distribution centers, which could affect potential online orders or what types of products you can find in your local Big Lots if it remains open.

As part of its shutdown plans, Big Lots is marking down items with discounts for customers if they can find items for less.

Check out your local store for 20% off all items, with some locations marking down products up to 80% off for customers.

Many retailers have struggled in recent months due to inflation and a lack of consumer spending, which has hit companies’ bottom lines.

Walgreens and Rite Aid have shuttered pharmacies in multiple states, while clothing retailers Express and rue21 shut down stores this year, with rue21 shuttering all its locations as part of a bankruptcy filing.

The good news is that if the local Big Lots near you is shutting down, you can try other options to help you keep more cash in your pocket. You’ll also still be able to order items from the Big Lots website.

It’s also a good idea to consider other options if your local Big Lots shuts down so you still have options to save money when you’re shopping.